Tafe and Massey Ferguson MF 245 DI 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 Tafe and Massey Ferguson MF 245 DI Click Here
Ex-showroom Price of Tafe and Massey Ferguson MF 245 DI : ₹ 6,80,000
Loan Amount : ₹ 5,78,000
Down Payment : ₹ 1,02,000

Document Charges : NA
Processing Fee : ₹ 5,780
MonthsEMIChart
12₹ 50,846View Chart
24₹ 26,939View Chart
36₹ 19,008View Chart
48₹ 15,070View Chart
60₹ 12,730View Chart
72₹ 11,188View Chart
84₹ 10,102View Chart
Total Interest Amount is ₹ 32,155 for the loan amount of ₹ 5,78,000
EMI NumberEMI MonthEMI AmountInterest AmountPrincipal ReductionBalance Due
1May-2022₹ 50,846₹ 5,272₹ 45,574₹ 4,81,580
2Jun-2022₹ 50,846₹ 4,816₹ 46,030₹ 4,35,550
3Jul-2022₹ 50,846₹ 4,356₹ 46,490₹ 3,89,060
4Aug-2022₹ 50,846₹ 3,891₹ 46,955₹ 3,42,105
5Sep-2022₹ 50,846₹ 3,421₹ 47,425₹ 2,94,680
6Oct-2022₹ 50,846₹ 2,947₹ 47,899₹ 2,46,781
7Nov-2022₹ 50,846₹ 2,468₹ 48,378₹ 1,98,403
8Dec-2022₹ 50,846₹ 1,984₹ 48,862₹ 1,49,541
9Jan-2023₹ 50,846₹ 1,495₹ 49,351₹ 1,00,190
10Feb-2023₹ 50,846₹ 1,002₹ 49,844₹ 50,346
11Mar-2023₹ 50,846₹ 503₹ 50,3430
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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