DAO Model 703 EMI Calculator

The calculated EMI for DAO Model 703 is Rs. 2,881 per month @ 9.45% for a tenure of 36 months for a loan amount of Rs. 89,999. Check out the ZigWheels EMI calculator to find the best car finance for DAO Model 703 or calculate loan interest rate and equated monthly instalments(EMI) by entering the amount of car loan that you wish to take. The ZigWheels EMI calculator calculates instalment on reducing balance.

EMI Calculation for Model 703

Ex-showroom

: Rs. 99,999

Loan amount

: Rs. 89,999 (90 % of Ex-showroom)

Down payment

: Rs. 20,889 (On-road + Processing fees + EMI - Loan amount)

Monthy EMI

: Rs. 2,881 (For Tenure of 36 months @ 9.45%)

Insurance

: Rs. 5,058 (Check Model 703 Insurance)

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EMI in advance: You pay one EMI instalment in advance to the bank. This amount is deducted from the loan amount disbursed to the dealer. Thus it gets added to the down payment that you are to make.
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EMI in arrears: You don't make any advance EMI payments. The bank disburses the loan amount minus any other one time fees. ..Read More ..Read Less