Tata Magic Iris Truck Loan In India | Tata Magic Iris Truck Finance Emi Calculator | Compare Interest Rate Of Tata Magic Iris Loan By Various Banks

Tata Magic Iris Truck EMI calculator

Ex-showroom Price of Tata Magic Iris : ₹ 2,86,620
Document Charges : Rs.250
Processing Fee : ₹ 1,218
MonthsEMIChart
12₹ 21,958View Chart
24₹ 11,930View Chart
36₹ 8,621View Chart
48₹ 6,991View Chart
60₹ 6,032View Chart
72₹ 5,409View Chart
84₹ 4,977View 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 Tata Magic Iris Truck Loan

Option 2) Get to know the bank which offer lowest emi, lowest processing charge and lowest documentation fee for loan on Tata Magic Iris Truck

Option 3) Enter the desired amount and desired interest rate of Tata Magic Iris Truck to know the emi and finance option

EMI for the truck you want Suggest the best bank EMI with rate you wish
EMI in Advance EMI in Arrears
Total Interest Amount is ₹ 19,864 for the loan amount of ₹ 2,43,627
EMI NumberEMI MonthEMI AmountInterest AmountPrincipal ReductionBalance Due
1Oct-2019₹ 21,958₹ 3,233₹ 18,725₹ 2,02,944
2Nov-2019₹ 21,958₹ 2,960₹ 18,998₹ 1,83,946
3Dec-2019₹ 21,958₹ 2,683₹ 19,275₹ 1,64,671
4Jan-2020₹ 21,958₹ 2,401₹ 19,557₹ 1,45,114
5Feb-2020₹ 21,958₹ 2,116₹ 19,842₹ 1,25,272
6Mar-2020₹ 21,958₹ 1,827₹ 20,131₹ 1,05,141
7Apr-2020₹ 21,958₹ 1,533₹ 20,425₹ 84,716
8May-2020₹ 21,958₹ 1,235₹ 20,723₹ 63,993
9Jun-2020₹ 21,958₹ 933₹ 21,025₹ 42,968
10Jul-2020₹ 21,958₹ 627₹ 21,331₹ 21,637
11Aug-2020₹ 21,958₹ 316₹ 21,6420
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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