hii everyone can any1 tell me hw to calculate emi for a

Tell us more about yourself


Please let us know your details to help us answer your question.



hii.everyone..can any1 tell me hw to calculate emi for a bike priced at 120000. At 15 % rate of interest after a downpayment of 45000....plz plz as i thnk we hav to sub.45000 from 120000..nd then..... plz help
  • 2157 day(s) ago by Adeel
Under:   #Bikes
Post an Answer

Answers submitted by Users

Calculation could be like this
120000-45000= 75000
Total interest for 24 Months at 15%
11250/24=468.75 (app 469)
Total interest per month on flat rate would be Rs 469.
Principal amount per month =75000/24=3125 Rs
EMI= Principal amt+interest
EMI= 3125+469=3594 Rs

(EMI can very depending upon method of interest rate applicable by finance provider bank, please compare with the quote given by finance provider)

Posted: 2157 day(s) ago

Post Your Answer Here

Type the characters you see in the image below

Recently Asked Questions

Find New Cars

By Brand

Get complete details of new cars

By budget

5 Lakhs to 10 Lakhs