Calculated on Ex-showroom Price
Total loan amount
Total amount to pay
You'll pay extra
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CMV360 truck loan EMI calculator is a useful tool for individuals and businesses looking to finance the purchase of a truck through a loan. It helps you estimate the monthly instalment you'll need to pay to repay the loan amount over the chosen loan tenure. Here's how you can use a truck loan EMI calculator:
Loan Amount: Enter the total loan amount you plan to borrow to purchase the truck.
Interest Rate: Input the applicable interest rate on the loan. This rate is typically provided by the lender or bank.
Loan Tenure: Specify the loan tenure or the number of months you have to repay the loan. Common tenures range from 12 months to several years.
Calculate: Click the "Calculate EMI" button to generate the EMI amount.
You can calculate the Equated Monthly Installment (EMI) for a truck loan using the following formula:
EMI = [P × r × (1 + r)^n] / [(1 + r)^n - 1]
Here's what each variable represents:
EMI: Equated Monthly Installment (the monthly payment you need to make).
P: Principal loan amount (the initial loan amount you borrowed).
r: Monthly interest rate (annual interest rate divided by 12 months and expressed as a decimal).
n: Total number of monthly payments (loan tenure in months).
Follow these steps to calculate your truck loan EMI:
Registered Office Address
Delente Technologies Pvt. Ltd.
M3M Cosmopolitan, 12th Cosmopolitan,
Golf Course Ext Rd, Sector 66, Gurugram, Haryana
pincode - 122002
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