What will be the EMI for 3 years tenure for Velev Motors VEV 01?
EMI for Velev Motors VEV 01 for 3 years tenure can be calculated as per the following formula:-
{P x R x (1+R)^N / [(1+R)^N-1]}
Where, P = Principal amount of the loan, R = Rate of interest, N = Number of monthly installments which will be 36 in case of 3 years tenure.