Auto Loan EMI Calculator

Amount (Vehicle Price)
Down Payment
Annual Interest Rate %
Term/Period months
 
 
Monthly Payment
Total Interest Payment
Total Amount to Pay
Equated Monthly Installment(EMI) Formula:EMI = ( P × r × (1+r)n ) / ((1+r)n − 1) WhereP = Loan Amount - Down paymentEMI = Equated Monthly Installmentn = Term (Period or no.of year or months for loan repayment.) r = Annual Interest rate / 1200
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