Sonalika GT 20 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 GT 20 Click Here
Ex-showroom Price of Sonalika GT 20 : ₹ 3,40,000
Loan Amount : ₹ 2,89,000
Down Payment : ₹ 51,000

Document Charges : NA
Processing Fee : ₹ 2,890
MonthsEMIChart
12₹ 25,423View Chart
24₹ 13,470View Chart
36₹ 9,504View Chart
48₹ 7,535View Chart
60₹ 6,365View Chart
72₹ 5,594View Chart
84₹ 5,051View Chart
Total Interest Amount is ₹ 16,078 for the loan amount of ₹ 2,89,000
EMI NumberEMI MonthEMI AmountInterest AmountPrincipal ReductionBalance Due
1Apr-2024₹ 25,423₹ 2,636₹ 22,787₹ 2,40,790
2May-2024₹ 25,423₹ 2,408₹ 23,015₹ 2,17,775
3Jun-2024₹ 25,423₹ 2,178₹ 23,245₹ 1,94,530
4Jul-2024₹ 25,423₹ 1,945₹ 23,478₹ 1,71,052
5Aug-2024₹ 25,423₹ 1,711₹ 23,712₹ 1,47,340
6Sep-2024₹ 25,423₹ 1,473₹ 23,950₹ 1,23,390
7Oct-2024₹ 25,423₹ 1,234₹ 24,189₹ 99,201
8Nov-2024₹ 25,423₹ 992₹ 24,431₹ 74,770
9Dec-2024₹ 25,423₹ 748₹ 24,675₹ 50,095
10Jan-2025₹ 25,423₹ 501₹ 24,922₹ 25,173
11Feb-2025₹ 25,423₹ 252₹ 25,1710
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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