Amortization, Interest Rates & LTV in EV Finance
As the electric vehicle (EV) market continues to expand, particularly in the realm of EV commercial vehicles in India, understanding the financial components of this transition is essential for businesses looking to invest. Key concepts like amortization, interest rates, and loan-to-value (LTV) ratios play a crucial role in making informed financing decisions.
Amortization
This refers to a way of paying off a loan
Amortization is the gradual repayment of a loan over time in fixed installments. It is most important for any business to understand amortization schedules to make wise investments in EV commercial vehicles in India. The amortization schedule indicates how much of every amount paid is going towards the principal and how much towards interest.
Know More About Amortization, Interest Rates & LTV in EV Finance : https://revfin.in/resources/bl....ogs/ev-finance-amort
