Tata Magic Iris Truck EMI calculator

Ex-showroom Price of Tata Magic Iris : ₹ 2,86,620
Loan Amount : ₹ 2,43,627
Down Payment : ₹ 42,993

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