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 a business owner looking for a financial boost to take your venture to the next level? Unsecured business loans could be the solution you need. These loans provide the flexibility to grow your...
April 22, 2024
What are systematic investment plans or SIP schemes? Here’s a brief overview of what they are, different types of SIP funds and benefits of investing in SIPs SIP schemes are one of the most popular ...
June 30, 2023
When it comes to managing your finances, the decision between building an emergency fund or paying off debt can be challenging. On one hand, paying off debt can save you thousands of rupees in interes...
April 17, 2024
Your form has been submitted successfully.
Quick Pay
Apply Now
Reach Us