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₹71,300
13%
60
per month
Calculated on Ex-showroom Price
*Ex-showroom Price
₹7,13,000
Principal Amount
₹6,41,700
Total interest
₹0
Total Amount
₹0
Mahindra Supro Profit Truck Maxi Loan EMI starts at ₹ 14601 per month with a down payment of ₹ 71,300 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 Supro Profit Truck Maxi. That will give you a detail insights of your purchase.
Brand Model | LOAN @ RATE% | DOWN PAYMENT | EMI AMOUNT(60 MONTHS) |
---|---|---|---|
Mahindra Supro Profit Truck Maxi | 13% | ₹ 71,300 | ₹ 14,601 |
Following documents are required for Mahindra Supro Profit Truck Maxi loan :
To calculate the Equated Monthly Installment (EMI) for a Mahindra Supro Profit Truck Maxi, you'll need to consider the loan amount, interest rate, and loan tenure.
Formula for Mahindra Supro Profit Truck Maxi 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