Tractor Loan Interest Rate | Tractor Emi Calculator | Compare Tractor Finance

Tractors Finance EMI calculator

Option 1) Select your desired tractor model and desired bank to know the emi and interest amount you pay during the entire loan period. Also don't forget to see the emi chart for various period

Option 2) Select your desired tractor model and get to know the bank which offer lowest emi, lowest processing charge and lowest documentation fee in India

Option 3) Enter the desired amount (price of your dream commercial vehicle) and desired interest rate of your mini truck to know the exact emi you have to pay

EMI for the tractor you want Suggest the best bank EMI with rate you wish
EMI in Advance EMI in Arrears
Ex-showroom Price of Ace DI-6565 : ₹ 7,20,000
Document Charges : Rs.1500
Processing Fee : ₹ 12,240
MonthsEMIChart
12₹ 54,436View Chart
24₹ 29,176View Chart
36₹ 20,814View Chart
48₹ 16,676View Chart
60₹ 14,227View Chart
72₹ 12,623View Chart
84₹ 11,500View Chart
Total Interest Amount is ₹ 41,233 for the loan amount of ₹ 6,12,000
EMI NumberEMI MonthEMI AmountInterest AmountPrincipal ReductionBalance Due
1Jul-2019₹ 54,436₹ 6,737₹ 47,699₹ 5,09,865
2Aug-2019₹ 54,436₹ 6,161₹ 48,275₹ 4,61,590
3Sep-2019₹ 54,436₹ 5,578₹ 48,858₹ 4,12,732
4Oct-2019₹ 54,436₹ 4,987₹ 49,449₹ 3,63,283
5Nov-2019₹ 54,436₹ 4,390₹ 50,046₹ 3,13,237
6Dec-2019₹ 54,436₹ 3,785₹ 50,651₹ 2,62,586
7Jan-2020₹ 54,436₹ 3,173₹ 51,263₹ 2,11,323
8Feb-2020₹ 54,436₹ 2,553₹ 51,883₹ 1,59,440
9Mar-2020₹ 54,436₹ 1,927₹ 52,509₹ 1,06,931
10Apr-2020₹ 54,436₹ 1,292₹ 53,144₹ 53,787
11May-2020₹ 54,436₹ 650₹ 53,7860
EMI in Advance EMI in Arrears
EMI in Advance EMI in Arrears

Usually, with the aid of EMI calculator, provided by the other sites auto/finance websites at Vicky.in you can able to get only the EMI to be paid, on choosing the loan amount and the interest rate. But, Vicky. in proves to be unique among other sites, via. the provision of information in a clear manner, that help the users to get quicker tractor loan approval for the tractor you desire from the bank that offers lower interest rate.

EMI schedule for the tractor you want :

Vicky. in provides an additional option for selecting the bank, along with the options for choosing make name and the model. Since each bank fixes its own interest rate, you can able to view the full details about EMI payment to be paid for each bank along with processing fee and documentation charges.

Suggesting the Best Bank:

Loan will be provided on ex-showroom price only not on the on-road price. Down payment (contribution by the customer) is mandatory and it would be between 15%-25% of the ex-showroom price. You should look at the bank which demands lesser down payment, if you are in need of cash. Also, the bank which offers you the affordable interest rate, lower processing charge and lower documentation charges is better. At Vicky.in we show you the best bank considering all these parameters. Just select the desired tractor model and get to know the best bank.

You can also view the EMI payment schedule at the interest rate that you desire and for the loan amount that you provide

* 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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