For 5 year loan period, how much EMI would I need to pay, if I make a down-payment of Rs. 20,000?
for loan of five year how much emii will pay suggest me
In most of the locations on-road price of Mahindra Gusto is around Rs. 53,000 – 54,000, so if you make the down-payment of Rs. 20,000 the balance amount or loan amount would be Rs. 33,000 – 34,000, monthly EMI on this loan amount for 5 years would be around Rs. 750, but it may vary as loan providing companies charge different interest rates; we advise you to visit your local Mahindra showroom as you would be suggested different loan plans by finance representatives and you can choose as per your payment convenience.