These payments include the principal amount as well as the interest i.e. EMI = Principal Amount + Interest on Principal amount. Mathematically, EMI can be calculated using the following formula ...

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The calculated EMI for Maruti Eeco is Rs. 11,578 per month @ 10.5% for a tenure of 60 months for a loan amount of Rs. 5,38,649. Check out the ZigWheels EMI calculator to find the best car finance ...