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Check your affordability before you go any further with a vehicle purchase.
Affordability Calculator helps any user check the affordable price and EMI range at which he/ she can buy a vehicle based on the income and expenditures entered by the user on a monthly basis.
Enter monthly income
Enter monthly expenditures under different buckets.
Submit to calculate the affordable EMI and Price Range.
Affordability calculator takes the user’s monthly income and expenses as inputs and performs the following calculation.
The balance money left with any individual post deducting the recurring monthly expense from the monthly income.
EMI is the acronym of equated monthly instalments. This is the amount of money which any individual has to repay every month for the sum of money borrowed from bank or any financial institution as loan over the tenure of repayment of the loan. Every EMI will cover both principle and interest components.
Banks and financial provide a maximum financial assistance of up to 80% on the price of the vehicle. Hence Loan will correspond only to 80% of the price of the vehicle.