Sonalika Solis 120 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 Solis 120 Click Here
Ex-showroom Price of Sonalika Solis 120 : ₹ 10,00,000
Loan Amount : ₹ 8,50,000
Down Payment : ₹ 1,50,000

Document Charges : NA
Processing Fee : ₹ 8,500
MonthsEMIChart
12₹ 74,774View Chart
24₹ 39,616View Chart
36₹ 27,953View Chart
48₹ 22,162View Chart
60₹ 18,721View Chart
72₹ 16,453View Chart
84₹ 14,856View Chart
Total Interest Amount is ₹ 47,283 for the loan amount of ₹ 8,50,000
EMI NumberEMI MonthEMI AmountInterest AmountPrincipal ReductionBalance Due
1Mar-2024₹ 74,774₹ 7,752₹ 67,022₹ 7,08,204
2Apr-2024₹ 74,774₹ 7,082₹ 67,692₹ 6,40,512
3May-2024₹ 74,774₹ 6,405₹ 68,369₹ 5,72,143
4Jun-2024₹ 74,774₹ 5,721₹ 69,053₹ 5,03,090
5Jul-2024₹ 74,774₹ 5,031₹ 69,743₹ 4,33,347
6Aug-2024₹ 74,774₹ 4,333₹ 70,441₹ 3,62,906
7Sep-2024₹ 74,774₹ 3,629₹ 71,145₹ 2,91,761
8Oct-2024₹ 74,774₹ 2,918₹ 71,856₹ 2,19,905
9Nov-2024₹ 74,774₹ 2,199₹ 72,575₹ 1,47,330
10Dec-2024₹ 74,774₹ 1,473₹ 73,301₹ 74,029
11Jan-2025₹ 74,774₹ 740₹ 74,0340
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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