Ashok Leyland U 3123 T EMI Calculator
It is very easy to calculate the EMI for your truck loan. You will get EMI as soon as you enter the required loan amount and the interest rate. Installment in EMI calculator is calculated on reducing balance. As per the rules of financing institutions, processing fee or possible charges may be applicable which are not shown in the EMI we calculate.
Ashok Leyland U 3123 T EMI starts at 64223 per month for a tenure of 60 months @ 10.5% for a loan amount of ₹33.24 Lakh. The EMI Calculator tool on trucksDekho gives a detailed break-up of the total payable amount and helps you in finding best truck finance for your U 3123 T.
Calculate your EMI
Popular Ashok Leyland Trucks
- Ashok Leyland Dost Plus₹7.75 - ₹8.25 Lakh*
- Ashok Leyland AVTR 2820-6x4From ₹34.50 Lakh*
- Ashok Leyland Ecomet 1615From ₹27.50 Lakh*
- Ashok Leyland Dost Strong₹7.49 - ₹7.95 Lakh*
- Ashok Leyland Partner 6 Tyre₹13.85 - ₹14.99 Lakh*
- Ashok Leyland 5525 6x4From ₹44.50 Lakh*
Compare U 3123 T with Competitors
Other Ashok Leyland U Trucks
- Ashok Leyland AVTR 3525-8x4From ₹55.50 Lakh*
- Power 250 hp
- GVW 35000
- Mileage 2.5-3.5
- Engine 5660
- Fuel Tank 300
- Fuel Type Diesel
- Ashok Leyland Dost Plus CNGPrice Coming Soon
- Power 58 Hp
- GVW 2870
- Engine 1478
- Fuel Tank 148
- Payload 1390
- Fuel Type CNG
Frequently Asked Questions on U 3123 T EMI
What will be the lowest down payment for U 3123 T?
What will be the monthly EMI for the U 3123 T?
EMIs or Equated Monthly Installments refer to the monthly payments you make to the lender to repay your loan. These payments include the principal amount as well as the interest i.e. EMI = Principal Amount + Interest on Principal amount. Mathematically, EMI for the U 3123 T can be calculated using 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 and N = Number of monthly installments.
For Example:- If the principal amount for a commercial vehicle loan is Rs. 2988000- on an annual rate of interest of 10.5 for a tenure of 5 years then EMI will be Rs 64223. The rate of interest (R) on your loan is calculated monthly i.e. (R= Annual rate of interest/12/100). For instance, if R = 10.5 per annum, then R= 10.5/12 = 0.875.