Location Ad
Ad
Ad
Sonalika MM 18 EMI Calculator
₹27,560
15%
60
EMI
per month
₹0
Calculated on Ex-showroom Price
*Ex-showroom Price
₹275600
Priciple amount
₹2,48,040
Total interest
₹0
Total Amount
₹0
Sonalika MM 18 Loan EMI Calculator
Sonalika MM 18 Loan EMI starts at ₹ 4455 per month with a down payment of ₹ 27,560 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 MM 18. That will give you a detail insights of your purchase.
Sonalika MM 18 Down Payment and EMI
| Brand Model | LOAN @ RATE% | DOWN PAYMENT | EMI AMOUNT(60 MONTHS) |
|---|---|---|---|
| Sonalika MM 18 | 12.57% | ₹ 27560 | ₹ 4455 |
Frequently Asked Questions
Sonalika MM 18 EMI depends upon various factors like tractor loan amount, loan tenure and the interest rate charged by various lenders. Althought it starts from ₹ 4455 with the down payment of ₹ 27560 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.
Sonalika MM 18 Minimum down payment starts from ₹ 27560. Lenders typically finance 90% of the ex-showroom price whereas some customers are eligible for 100% funding.
You will have to pay ₹ 27560 as a down payment for the amount Rs.{10% of Ex-showroom Price} @15% for 60 months, the monthly EMI will be ₹ 4455.
Following documents are required for Sonalika MM 18 loan :
- Identity Proof
- Address Proof
- Income Proof
- Bank Statements
- Vehicle Details
- Business Proof
- Photographs
The 2024 price for the Sonalika MM 18 starts from ₹ 2.76 Lakh Onwards . Although it can vary slightly from state to state and city to city.
To calculate the Equated Monthly Installment (EMI) for a Sonalika MM 18, you'll need to consider the loan amount, interest rate, and loan tenure.
Formula for Sonalika MM 18 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 Sonalika MM 18 where you can avail of excellent deals and purchase the Sonalika MM 18 with the most affordable monthly EMI.
Sonalika is here to redefine affordability with our exclusive EMI offer for the mighty Sonalika MM 18. 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
Join CMV360
Receive pricing updates, buying tips & more!
Follow Us
COMMERCIAL VEHICLE BUYING BECOMES EASY AT CMV360
We bring great transparency on pricing, information and comparison of tractors, trucks, buses and three wheelers.