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Mahindra Yuvo 585 MAT EMI Calculator
₹79,715
15%
60
EMI
per month
₹0
Calculated on Ex-showroom Price
*Ex-showroom Price
₹797150
Priciple amount
₹7,17,435
Total interest
₹0
Total Amount
₹0
Mahindra Yuvo 585 MAT Loan EMI Calculator
Mahindra Yuvo 585 MAT Loan EMI starts at ₹ 12884 per month with a down payment of ₹ 79,715 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 Yuvo 585 MAT. That will give you a detail insights of your purchase.
Mahindra Yuvo 585 MAT Down Payment and EMI
| Brand Model | LOAN @ RATE% | DOWN PAYMENT | EMI AMOUNT(60 MONTHS) |
|---|---|---|---|
| Mahindra Yuvo 585 MAT | 12.57% | ₹ 79715 | ₹ 12884 |
Frequently Asked Questions
Mahindra Yuvo 585 MAT EMI depends upon various factors like tractor loan amount, loan tenure and the interest rate charged by various lenders. Althought it starts from ₹ 12884 with the down payment of ₹ 79715 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.
Mahindra Yuvo 585 MAT Minimum down payment starts from ₹ 79715. Lenders typically finance 90% of the ex-showroom price whereas some customers are eligible for 100% funding.
You will have to pay ₹ 79715 as a down payment for the amount Rs.{10% of Ex-showroom Price} @15% for 60 months, the monthly EMI will be ₹ 12884.
Following documents are required for Mahindra Yuvo 585 MAT loan :
- Identity Proof
- Address Proof
- Income Proof
- Bank Statements
- Vehicle Details
- Business Proof
- Photographs
The 2024 price for the Mahindra Yuvo 585 MAT starts from ₹ 7.97 Lakh Onwards . Although it can vary slightly from state to state and city to city.
To calculate the Equated Monthly Installment (EMI) for a Mahindra Yuvo 585 MAT, you'll need to consider the loan amount, interest rate, and loan tenure.
Formula for Mahindra Yuvo 585 MAT 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 Mahindra Yuvo 585 MAT where you can avail of excellent deals and purchase the Mahindra Yuvo 585 MAT with the most affordable monthly EMI.
Mahindra is here to redefine affordability with our exclusive EMI offer for the mighty Mahindra Yuvo 585 MAT. 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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