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Mahindra Jivo 245 DI EMI Calculator
₹53,000
15%
60
EMI
per month
₹0
Calculated on Ex-showroom Price
*Ex-showroom Price
₹530000
Priciple amount
₹4,77,000
Total interest
₹0
Total Amount
₹0
Mahindra Jivo 245 DI Loan EMI Calculator
Mahindra Jivo 245 DI Loan EMI starts at ₹ 8566 per month with a down payment of ₹ 53,000 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 Jivo 245 DI. That will give you a detail insights of your purchase.
Mahindra Jivo 245 DI Down Payment and EMI
| Brand Model | LOAN @ RATE% | DOWN PAYMENT | EMI AMOUNT(60 MONTHS) |
|---|---|---|---|
| Mahindra Jivo 245 DI | 12.57% | ₹ 53000 | ₹ 8566 |
Frequently Asked Questions
Following documents are required for Mahindra Jivo 245 DI loan :
- Identity Proof
- Address Proof
- Income Proof
- Bank Statements
- Vehicle Details
- Business Proof
- Photographs
To calculate the Equated Monthly Installment (EMI) for a Mahindra Jivo 245 DI, you'll need to consider the loan amount, interest rate, and loan tenure.
Formula for Mahindra Jivo 245 DI 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
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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