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
Owning a home is a dream for many Indians. However, the rising cost of properties makes it difficult for everyone to purchase a home outright. This is where home loans come into play. But what happens...
August 29, 2024
Planning your dream wedding involves countless decisions and expenses. From the venue, catering, and decor to the outfits and photography, it’s easy for costs to add up quickly. This is where a ...
July 2, 2024
In today’s competitive world, providing quality education to our children is of utmost importance. However, the rising costs of professional and international courses can pose a significant fina...
February 23, 2024
Your form has been submitted successfully.
Quick Pay 
Apply Now 
Reach Us