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#Automobile loan emi calculator for free
To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site. For used vehicle dealers and individual sellers, besides being able to reach out to a potential buyer online, we offer an end-to-end e-commerce solution including technology platform, digital catalogue, online payment, vehicle inspection and certification service, and vehicle delivery service.The Forbes Advisor editorial team is independent and objective.
To address structural constraints of the automobile market and buyers’ and sellers’ pain points, we have built a platform that aims to deliver wide selection, low prices, inspected and verified vehicles, loan and insurance, and seamless delivery for buyers as one unified Droom experience. Our automobile e-commerce platform, which includes our website and mobile apps, offers users convenience and a curated experience to buy and sell new and used vehicles and encompasses every element of automobile buying from searching for a vehicle, creating buying requirements, price discovery, booking, certification to purchase and financing and doorstep delivery.Īs a pure-play automobile e-commerce company, we provide a platform for buyers and sellers to transact vehicles and related services. We have expanded our platform to include over 11 vehicle categories, sold by auto dealers and individual sellers in 1,151 cities in India.
We are the only major Indian player with a completely online transactional model and offer one of the largest selection of automobiles amongst the major online players in India with over 1.15 million vehicles listed that includes both used and new cars and two-wheelers, and other vehicles, as of September 30, 2021. Use NerdWallet’s auto loan calculator to see an estimate of your monthly car payment and total loan cost based on vehicle price, interest rate, down payment, sales tax, fees and more. We offer a 21st-century e-commerce experience for automobiles and is one of the leading e-commerce platforms for used cars sales in India. Droom is a technology and data science company that facilitates automobile buying and selling online through a combination of our asset-light automobile e-commerce platform along with a technology-driven vertically integrated proprietary ecosystem of products and services for the automobile industry. E M I P V × i × ( 1 + i) n ( 1 + i) n 1 Where: EMI Equated Monthly Installment PV Loan Amount (Present Value) i monthly interest rate in decimal form n number of months of the loan p.a.
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