Conveniently pay your EMIs, set payment reminders, view your loan details.
by Mahindra Finance
October 11, 2023
|1 mins read
To calculate your Commercial Vehicle Loan EMI manually, you can use this formula:
EMI = [P x R x (1+R)^N]/[(1+R)^N-1]
For example, if you take a commercial vehicle loan of ₹10,00,000 at an interest rate of 10% per annum for a term of 5 years, your monthly EMI would be:
EMI = [1000000 x 0.1/12 x (1+0)]
EMI = ₹8333.33
Are you looking for a safe and reliable investment option that offers flexibility and the potential for higher returns? If so, a floating rate fixed deposit might be the right choice for you. In this ...
March 5, 2024
Introduction: India has seen a massive boom in mutual funds over the past decade. Investors are now receptive to modern investment routes such as SIPs to reap the benefits of equity. Even then, tradit...
June 30, 2023
Are you looking for ways to save tax on FD interest? You’re not alone. Many individuals are eager to reduce their tax liabilities and maximise their savings. In this guide, we will explore pract...
March 5, 2024
Your form has been submitted successfully.
Quick Pay 
Apply Now 
Reach Us