Mahindra Jeeto L6 - 16 Truck EMI calculator

Ex-showroom Price of Mahindra Jeeto L6 - 16 : ₹ 3,65,920
Loan Amount : ₹ 3,11,032
Down Payment : ₹ 54,888

Document Charges : Rs.250
Processing Fee : ₹ 1,555
MonthsEMIChart
12₹ 28,033View Chart
24₹ 15,231View Chart
36₹ 11,006View Chart
48₹ 8,925View Chart
60₹ 7,701View Chart
72₹ 6,906View Chart
84₹ 6,354View Chart

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 Mahindra Jeeto L6 - 16 Truck Loan
Option 2) Get to know the bank which offer lowest emi, lowest processing charge and lowest documentation fee for loan on Mahindra Jeeto L6 - 16 Truck
Option 3) Enter the desired amount and desired interest rate of Mahindra Jeeto L6 - 16 Truck to know the emi and finance option

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EMI in Advance EMI in Arrears
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Total Interest Amount is ₹ 25,359 for the loan amount of ₹ 3,11,032
EMI NumberEMI MonthEMI AmountInterest AmountPrincipal ReductionBalance Due
1Feb-2020₹ 28,033₹ 4,127₹ 23,906₹ 2,59,093
2Mar-2020₹ 28,033₹ 3,778₹ 24,255₹ 2,34,838
3Apr-2020₹ 28,033₹ 3,425₹ 24,608₹ 2,10,230
4May-2020₹ 28,033₹ 3,066₹ 24,967₹ 1,85,263
5Jun-2020₹ 28,033₹ 2,702₹ 25,331₹ 1,59,932
6Jul-2020₹ 28,033₹ 2,332₹ 25,701₹ 1,34,231
7Aug-2020₹ 28,033₹ 1,958₹ 26,075₹ 1,08,156
8Sep-2020₹ 28,033₹ 1,577₹ 26,456₹ 81,700
9Oct-2020₹ 28,033₹ 1,191₹ 26,842₹ 54,858
10Nov-2020₹ 28,033₹ 800₹ 27,233₹ 27,625
11Dec-2020₹ 28,033₹ 403₹ 27,6300
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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