Eicher 551 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 Eicher 551 Click Here
Ex-showroom Price of Eicher 551 : ₹ 6,70,000
Loan Amount : ₹ 5,69,500
Down Payment : ₹ 1,00,500

Document Charges : NA
Processing Fee : ₹ 5,695
MonthsEMIChart
12₹ 50,098View Chart
24₹ 26,543View Chart
36₹ 18,728View Chart
48₹ 14,849View Chart
60₹ 12,543View Chart
72₹ 11,024View Chart
84₹ 9,954View Chart
Total Interest Amount is ₹ 31,680 for the loan amount of ₹ 5,69,500
EMI NumberEMI MonthEMI AmountInterest AmountPrincipal ReductionBalance Due
1Aug-2025₹ 50,098₹ 5,194₹ 44,904₹ 4,74,498
2Sep-2025₹ 50,098₹ 4,745₹ 45,353₹ 4,29,145
3Oct-2025₹ 50,098₹ 4,291₹ 45,807₹ 3,83,338
4Nov-2025₹ 50,098₹ 3,833₹ 46,265₹ 3,37,073
5Dec-2025₹ 50,098₹ 3,371₹ 46,727₹ 2,90,346
6Jan-2026₹ 50,098₹ 2,903₹ 47,195₹ 2,43,151
7Feb-2026₹ 50,098₹ 2,432₹ 47,666₹ 1,95,485
8Mar-2026₹ 50,098₹ 1,955₹ 48,143₹ 1,47,342
9Apr-2026₹ 50,098₹ 1,473₹ 48,625₹ 98,717
10May-2026₹ 50,098₹ 987₹ 49,111₹ 49,606
11Jun-2026₹ 50,098₹ 496₹ 49,6020
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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