Mahindra Arjun Novo 605 DI-PS Tractor EMI calculator

Option 1) Select your desired bank to see the interest amount you have to pay during the entire loan period and to see the emi chart for various periods against Tractor Loan

Option 2) Get to know the bank which offer lowest emi, lowest processing charge and lowest documentation fee for loan on Tractor

Option 3) Enter the desired amount and desired interest rate of Tractor to know the emi and finance option

EMI for the tractor you want Suggest the best bank EMI with rate you wish
EMI in Advance EMI in Arrears
To get finance for Mahindra Arjun Novo 605 DI-PS Click Here
Ex-showroom Price of Mahindra Arjun Novo 605 DI-PS : ₹ 9,11,000
Loan Amount : ₹ 7,74,350
Down Payment : ₹ 1,36,650

Document Charges : NA
Processing Fee : ₹ 7,744
MonthsEMIChart
12₹ 68,119View Chart
24₹ 36,090View Chart
36₹ 25,465View Chart
48₹ 20,190View Chart
60₹ 17,054View Chart
72₹ 14,989View Chart
84₹ 13,534View Chart
Total Interest Amount is ₹ 43,075 for the loan amount of ₹ 7,74,350
EMI NumberEMI MonthEMI AmountInterest AmountPrincipal ReductionBalance Due
1Apr-2024₹ 68,119₹ 7,062₹ 61,057₹ 6,45,174
2May-2024₹ 68,119₹ 6,452₹ 61,667₹ 5,83,507
3Jun-2024₹ 68,119₹ 5,835₹ 62,284₹ 5,21,223
4Jul-2024₹ 68,119₹ 5,212₹ 62,907₹ 4,58,316
5Aug-2024₹ 68,119₹ 4,583₹ 63,536₹ 3,94,780
6Sep-2024₹ 68,119₹ 3,948₹ 64,171₹ 3,30,609
7Oct-2024₹ 68,119₹ 3,306₹ 64,813₹ 2,65,796
8Nov-2024₹ 68,119₹ 2,658₹ 65,461₹ 2,00,335
9Dec-2024₹ 68,119₹ 2,003₹ 66,116₹ 1,34,219
10Jan-2025₹ 68,119₹ 1,342₹ 66,777₹ 67,442
11Feb-2025₹ 68,119₹ 674₹ 67,4450
EMI in Advance EMI in Arrears
EMI in Advance EMI in Arrears

* Usually the margin on tractor loans would 15% to 25% which means banks will offer loan only up to 75% to 85% of ex-showroom price of the tractor. For calculation purpose we have considered the margin as 15%. Do note that loan will be offered only on ex-showroom price of the vehicle not on the on-road price (insurance, road tax, accessories, handling, extended warranty and other misc charged have to be taken care by the customer)

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