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₹8,20,000
13%
60
per month
Calculated on Ex-showroom Price
*Ex-showroom Price
₹82,00,000
Priciple amount
₹73,80,000
Total interest
₹0
Total Amount
₹0
Volvo FM 380 4X2 Tractor Loan EMI starts at ₹ 167918 per month with a down payment of ₹ 8,20,000 for 60 months tenure at the interest rate of 13% (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 truck finance options for your FM 380 4X2 Tractor. That will give you a detail insights of your purchase.
Brand Model | LOAN @ RATE% | DOWN PAYMENT | EMI AMOUNT(60 MONTHS) |
---|---|---|---|
Volvo FM 380 4X2 Tractor | 13% | ₹ 8,20,000 | ₹ 1,67,918 |
Following documents are required for Volvo FM 380 4X2 Tractor loan :
To calculate the Equated Monthly Installment (EMI) for a Volvo FM 380 4X2 Tractor, you'll need to consider the loan amount, interest rate, and loan tenure.
Formula for Volvo FM 380 4X2 Tractor 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
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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