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 Terra Motors Truck Loan
Option 2) Get to know the bank which offer lowest emi, lowest processing charge and lowest documentation fee for loan on Terra Motors Truck
Option 3) Enter the desired amount and desired interest rate of Terra Motors Truck to know the emi and finance option
EMI for the truck you want
Suggest the best bank
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
Months
EMI
Chart
Ex-showroom Price of Terra Motors Y4Alfa : ₹ 1,30,000 Loan Amount : ₹ 1,10,500 Down Payment : ₹ 19,500
Total Interest Amount is ₹ 9,008 for the loan amount of ₹ 1,10,500
EMI Number
EMI Month
EMI Amount
Interest Amount
Principal Reduction
Balance Due
1
May-2024
₹ 9,959
₹ 1,466
₹ 8,493
₹ 92,048
2
Jun-2024
₹ 9,959
₹ 1,342
₹ 8,617
₹ 83,431
3
Jul-2024
₹ 9,959
₹ 1,217
₹ 8,742
₹ 74,689
4
Aug-2024
₹ 9,959
₹ 1,089
₹ 8,870
₹ 65,819
5
Sep-2024
₹ 9,959
₹ 960
₹ 8,999
₹ 56,820
6
Oct-2024
₹ 9,959
₹ 829
₹ 9,130
₹ 47,690
7
Nov-2024
₹ 9,959
₹ 695
₹ 9,264
₹ 38,426
8
Dec-2024
₹ 9,959
₹ 560
₹ 9,399
₹ 29,027
9
Jan-2025
₹ 9,959
₹ 423
₹ 9,536
₹ 19,491
10
Feb-2025
₹ 9,959
₹ 284
₹ 9,675
₹ 9,816
11
Mar-2025
₹ 9,959
₹ 143
₹ 9,816
0
EMI in Advance EMI in Arrears
EMI in Advance EMI in Arrears
EMI Arrear Schedule
EMI schedule
* 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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