CAR LOAN EMI CALCULATOR
Today, a dream car is within possibility, regardless of whether you’re employed or a business owner. Unlike a couple of decades ago, you don't need to be rich enough or save a decent amount of money to buy your first car. Instead, you can avail a new CAR LOAN and drive your dream car sooner.
How to Calculate CAR LOAN with iNVESTT
Anyone is able to calculate CAR LOAN EMI in just three easy steps using the iNVESTT CAR LOAN EMI CALCULATOR. Simply follow these steps:
- Enter the amount of the loan you wish to get.
- Enter the interest rate, which typically begins at 7.25%. p.a.
- Enter the tenure number in years with a maximum of that is 7 years.
- When you enter the principal (P), interest rate (R) and tenure in years (N) using the below formula in the CAR LOAN EMI calculator, you arrive at the monthly payable EMI.
- EMI = [P x R x (1+R)^N]/[(1+R)^N-1]
Advantages of using CAR LOAN EMI CALCULATOR with iNVESTT
- You can pay for your car in affordable monthly instalments.
- You are able to choose the loan tenure flexibly.
- You will know precisely the amount to be paid by using the auto loan EMI calculator.
- You don’t have to offer collateral.