Loan Calculator

   
   

Vehicle Price

Down Payment

Annual Interest Rate

Term/Periodmonths

Formula

EMI = ( P × r × (1+r)n ) / ((1+r)n − 1)
Where,
EMI - Equated Monthly Installment
P - Loan Amount - Down payment
r - Annual Interest rate / 1200
n - Term (Period or no.of year or months for loan repayment)