Mahindra Arjun Novo 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 Mahindra Arjun Novo Click Here
Ex-showroom Price of Mahindra Arjun Novo : ₹ 10,50,000
Loan Amount : ₹ 8,92,500
Down Payment : ₹ 1,57,500

Document Charges : NA
Processing Fee : ₹ 8,925
MonthsEMIChart
12₹ 78,512View Chart
24₹ 41,597View Chart
36₹ 29,350View Chart
48₹ 23,270View Chart
60₹ 19,657View Chart
72₹ 17,276View Chart
84₹ 15,599View Chart
Total Interest Amount is ₹ 49,649 for the loan amount of ₹ 8,92,500
EMI NumberEMI MonthEMI AmountInterest AmountPrincipal ReductionBalance Due
1Apr-2024₹ 78,512₹ 8,140₹ 70,372₹ 7,43,616
2May-2024₹ 78,512₹ 7,436₹ 71,076₹ 6,72,540
3Jun-2024₹ 78,512₹ 6,725₹ 71,787₹ 6,00,753
4Jul-2024₹ 78,512₹ 6,008₹ 72,504₹ 5,28,249
5Aug-2024₹ 78,512₹ 5,282₹ 73,230₹ 4,55,019
6Sep-2024₹ 78,512₹ 4,550₹ 73,962₹ 3,81,057
7Oct-2024₹ 78,512₹ 3,811₹ 74,701₹ 3,06,356
8Nov-2024₹ 78,512₹ 3,064₹ 75,448₹ 2,30,908
9Dec-2024₹ 78,512₹ 2,309₹ 76,203₹ 1,54,705
10Jan-2025₹ 78,512₹ 1,547₹ 76,965₹ 77,740
11Feb-2025₹ 78,512₹ 777₹ 77,7350
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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