Sonalika RX 47 Sikander 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 Sonalika RX 47 Sikander Click Here
Ex-showroom Price of Sonalika RX 47 Sikander : ₹ 6,98,400
Loan Amount : ₹ 5,93,640
Down Payment : ₹ 1,04,760

Document Charges : NA
Processing Fee : ₹ 5,936
MonthsEMIChart
12₹ 52,222View Chart
24₹ 27,668View Chart
36₹ 19,522View Chart
48₹ 15,478View Chart
60₹ 13,074View Chart
72₹ 11,491View Chart
84₹ 10,376View Chart
Total Interest Amount is ₹ 33,025 for the loan amount of ₹ 5,93,640
EMI NumberEMI MonthEMI AmountInterest AmountPrincipal ReductionBalance Due
1May-2022₹ 52,222₹ 5,414₹ 46,808₹ 4,94,610
2Jun-2022₹ 52,222₹ 4,946₹ 47,276₹ 4,47,334
3Jul-2022₹ 52,222₹ 4,473₹ 47,749₹ 3,99,585
4Aug-2022₹ 52,222₹ 3,996₹ 48,226₹ 3,51,359
5Sep-2022₹ 52,222₹ 3,514₹ 48,708₹ 3,02,651
6Oct-2022₹ 52,222₹ 3,027₹ 49,195₹ 2,53,456
7Nov-2022₹ 52,222₹ 2,535₹ 49,687₹ 2,03,769
8Dec-2022₹ 52,222₹ 2,038₹ 50,184₹ 1,53,585
9Jan-2023₹ 52,222₹ 1,536₹ 50,686₹ 1,02,899
10Feb-2023₹ 52,222₹ 1,029₹ 51,193₹ 51,706
11Mar-2023₹ 52,222₹ 517₹ 51,7050
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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