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Mahindra Bolero Maxitruck CNG EMI Calculator
₹72,600
13%
60
EMI
per month
₹0
Calculated on Ex-showroom Price
*Ex-showroom Price
₹7,26,000
Principal Amount
₹6,53,400
Total interest
₹0
Total Amount
₹0
Mahindra Bolero Maxitruck CNG Loan EMI Calculator
Mahindra Bolero Maxitruck CNG Loan EMI starts at ₹ 14867 per month with a down payment of ₹ 72,600 for 60 months tenure at the interest rate of 13% (depends upon the bank). You can choose the EMI options for the given loan amount on quarterly, half-yearly, and yearly basis. Note that each option will alter the amount of EMI payment.
Our CMV360 EMI Calculator tool helps you to break down the total payable amount and to find the best truck finance options for your Bolero Maxitruck CNG. That will give you a detail insights of your purchase.
Mahindra Bolero Maxitruck CNG Down Payment and EMI
| Brand Model | LOAN @ RATE% | DOWN PAYMENT | EMI AMOUNT(60 MONTHS) |
|---|---|---|---|
| Mahindra Bolero Maxitruck CNG | 13% | ₹ 72,600 | ₹ 14,867 |
Mahindra Bolero Maxitruck CNG Similar Trucks
Frequently Asked Questions
Following documents are required for Mahindra Bolero Maxitruck CNG loan :
- Identity Proof
- Address Proof
- Income Proof
- Bank Statements
- Vehicle Details
- Business Proof
- Photographs
To calculate the Equated Monthly Installment (EMI) for a Mahindra Bolero Maxitruck CNG, you'll need to consider the loan amount, interest rate, and loan tenure.
Formula for Mahindra Bolero Maxitruck CNG EMI Calculation: The formula for calculating EMI is as follows:
EMI = [P x R x (1+R)^N] / [(1+R)^N-1]
EMI: Equated Monthly Installment
P: Principal loan amount (the loan amount)
R: Monthly interest rate (annual rate divided by 12 and expressed as a decimal)
N: Loan tenure in months
