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Eicher 188 EMI Calculator
₹32,000
15%
60
EMI
per month
₹0
Calculated on Ex-showroom Price
*Ex-showroom Price
₹320000
Priciple amount
₹2,88,000
Total interest
₹0
Total Amount
₹0
Eicher 188 Loan EMI Calculator
Eicher 188 Loan EMI starts at ₹ 5172 per month with a down payment of ₹ 32,000 for 60 months tenure at the interest rate of 12.57% (depends upon the bank). You can choose the EMI options for the given loan amount on quarterly, half-yearly, and yearly basis. Note that each option will alter the amount of EMI payment.
Our CMV360 EMI Calculator tool helps you to break down the total payable amount and to find the best tractor finance options for your 188. That will give you a detail insights of your purchase.
Eicher 188 Down Payment and EMI
| Brand Model | LOAN @ RATE% | DOWN PAYMENT | EMI AMOUNT(60 MONTHS) |
|---|---|---|---|
| Eicher 188 | 12.57% | ₹ 32000 | ₹ 5172 |
Frequently Asked Questions
Eicher 188 EMI depends upon various factors like tractor loan amount, loan tenure and the interest rate charged by various lenders. Althought it starts from ₹ 5172 with the down payment of ₹ 32000 at the interest rate of 12.57% for 5 year (varies from bank to bank).
It Depends upon bank to bank and other lending institutions. Otherwise Banks’ interest rates start from 12.57% and goes up to 25% per annum.
Eicher 188 Minimum down payment starts from ₹ 32000. Lenders typically finance 90% of the ex-showroom price whereas some customers are eligible for 100% funding.
You will have to pay ₹ 32000 as a down payment for the amount Rs.{10% of Ex-showroom Price} @15% for 60 months, the monthly EMI will be ₹ 5172.
Following documents are required for Eicher 188 loan :
- Identity Proof
- Address Proof
- Income Proof
- Bank Statements
- Vehicle Details
- Business Proof
- Photographs
The 2024 price for the Eicher 188 starts from ₹ 3.20 Lakh Onwards . Although it can vary slightly from state to state and city to city.
To calculate the Equated Monthly Installment (EMI) for a Eicher 188, you'll need to consider the loan amount, interest rate, and loan tenure.
Formula for Eicher 188 EMI Calculation: The formula for calculating EMI is as follows:
EMI = [P x R x (1+R)^N] / [(1+R)^N-1]
EMI: Equated Monthly Installment
P: Principal loan amount (the loan amount)
R: Monthly interest rate (annual rate divided by 12 and expressed as a decimal)
N: Loan tenure in months
CMV360 assists you in locating the closest dealerships on Eicher 188 where you can avail of excellent deals and purchase the Eicher 188 with the most affordable monthly EMI.
Eicher is here to redefine affordability with our exclusive EMI offer for the mighty Eicher 188. Get ready to own the road with this unbeatable deal! Don't miss out on this incredible opportunity.
As featured on:
Registered Office Address
Delente Technologies Pvt. Ltd.
M3M Cosmopolitan, 12th Cosmopolitan,
Golf Course Ext Rd, Sector 66, Gurugram, Haryana
pincode - 122002
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