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Home ยป Cardekho EMI Calculator

Cardekho EMI Calculator

Calculator

Amount
Interest Rate
Tenure (in months)

Loan EMI

123

Total Interest Payable

1234

Total Amount

12345

Sure! I can help you with that. The CarDekho EMI (Equated Monthly Installment) Calculator is a tool that helps you calculate the monthly installment amount you would need to pay for a car loan. To use the calculator, you will need the following information:

Loan Amount: The total amount you plan to borrow for purchasing the car.
Interest Rate: The interest rate at which the loan will be provided to you.
Loan Tenure: The duration in months for which you will take the loan.
Once you have these details, you can follow these steps to calculate your EMI:

Determine the monthly interest rate: Divide the annual interest rate by 12 to get the monthly interest rate. For example, if the annual interest rate is 8%, the monthly interest rate would be 8%/12 = 0.0067 (0.67%).

Calculate the number of installments: Multiply the loan tenure (in years) by 12 to get the number of monthly installments. For example, if the loan tenure is 5 years, the number of installments would be 5 * 12 = 60.

Compute the EMI: Use the following formula to calculate the EMI:

EMI = (P * r * (1 + r)^n) / ((1 + r)^n – 1)

Where:
EMI = Equated Monthly Installment
P = Loan Amount
r = Monthly interest rate
n = Number of installments

Plugging in the values from steps 1 and 2, you can calculate the EMI.

Keep in mind that the EMI calculator gives you an approximate value, and the actual EMI amount may vary depending on the policies of the lending institution.

Please note that, as an AI text-based model, I’m unable to perform real-time calculations. You can use the formula provided above and enter the values into a spreadsheet, or you can use an online EMI calculator available on CarDekho’s website or other financial websites to get accurate results.

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