Mahindra NOVO 655 DI 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 NOVO 655 DI Click Here
Ex-showroom Price of Mahindra NOVO 655 DI : ₹ 9,99,000
Loan Amount : ₹ 8,49,150
Down Payment : ₹ 1,49,850

Document Charges : NA
Processing Fee : ₹ 8,492
MonthsEMIChart
12₹ 74,699View Chart
24₹ 39,577View Chart
36₹ 27,925View Chart
48₹ 22,140View Chart
60₹ 18,702View Chart
72₹ 16,437View Chart
84₹ 14,841View Chart
Total Interest Amount is ₹ 47,239 for the loan amount of ₹ 8,49,150
EMI NumberEMI MonthEMI AmountInterest AmountPrincipal ReductionBalance Due
1Oct-2025₹ 74,699₹ 7,745₹ 66,954₹ 7,07,497
2Nov-2025₹ 74,699₹ 7,075₹ 67,624₹ 6,39,873
3Dec-2025₹ 74,699₹ 6,399₹ 68,300₹ 5,71,573
4Jan-2026₹ 74,699₹ 5,716₹ 68,983₹ 5,02,590
5Feb-2026₹ 74,699₹ 5,026₹ 69,673₹ 4,32,917
6Mar-2026₹ 74,699₹ 4,329₹ 70,370₹ 3,62,547
7Apr-2026₹ 74,699₹ 3,625₹ 71,074₹ 2,91,473
8May-2026₹ 74,699₹ 2,915₹ 71,784₹ 2,19,689
9Jun-2026₹ 74,699₹ 2,197₹ 72,502₹ 1,47,187
10Jul-2026₹ 74,699₹ 1,472₹ 73,227₹ 73,960
11Aug-2026₹ 74,699₹ 740₹ 73,9590
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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