Auto Loan EMI Calculator
Online financial calculator that allows you to calculate your car and other auto loan EMI, interest rate for a particular amount. Calculate equated monthly installment (EMI) for new and used cars or other vehicles.
Auto Loan EMI, Interest Rate Calculation
Code to add this calci to your website
EMI = ( P × r × (1+r)n ) / ((1+r)n − 1)
EMI = Equated Monthly Installment
P = Loan Amount - Down payment
r = Annual Interest rate / 1200
n = Term (Period or no.of year or months for loan repayment.)
Auto loan EMI and interest rate calculations for car and other vehicles are made easier.