Retail Loan > Union Vehicle > Car Loan EMI Calculator
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| Month | Opening Balance | Interest Paid During The Month | Principal Repaid During The Month | Closing Balance |
|---|---|---|---|---|
| 1 | 500,000 | 4,271 | 25,815 | 474,185 |
| 2 | 474,185 | 4,050 | 26,036 | 448,149 |
| 3 | 448,149 | 3,828 | 26,258 | 421,891 |
| 4 | 421,891 | 3,604 | 26,482 | 395,408 |
| 5 | 395,408 | 3,377 | 26,709 | 368,700 |
| 6 | 368,700 | 3,149 | 26,937 | 341,763 |
| 7 | 341,763 | 2,919 | 27,167 | 314,596 |
| 8 | 314,596 | 2,687 | 27,399 | 287,197 |
| 9 | 287,197 | 2,453 | 27,633 | 259,564 |
| 10 | 259,564 | 2,217 | 27,869 | 231,695 |
Principle Amount
Total Interest
Total repayment = Principle amount + Total interest
Monthly Payment EMI
Total Interest
Total Repayment
Union Miles Loan EMI Calculator is a helpful tool to help customers gauge the Commercial Vehicle Loan EMI with a data input. A person can add their loan amount, tenure, and interest rate to get the projected EMI amount.
EMI stands for Equated Monthly Instalments, which refer to the monthly amount that needs to be paid to settle the loan. EMI consists of principal amount with interest.
Union Miles EMI Calculator gives you an initial idea for loan EMI to choose the loan amount and tenure of your choice. It helps in better understanding and planning of Vehicle Loan.
Although the Union Miles offers accurate loan EMI for given information, the actual EMI amount depends on various factors like market trends, RBI guidelines, changing policies, etc.
The key features of Union Miles are as follows:
Loan available for buying new/old vehicles
Vehicles include two-wheelers and four-wheelers
Attractive interest rates
Quick and Hassle-free process
Applicable digitally through website, e-banking, and Vyom app
Commercial Vehicle Loan EMI Calculator
Commercial Vehicle Loan EMI Calculator
