Will there be a difference between the EMI quoted by the commercial vehicle loan calculator and the EMI quoted by the lender?

Yes, there might be a bit of difference between the two amounts. It is essential to realize that the amount estimated by the commercial vehicle loan EMI calculator is simply an estimate. The actual EMI might differ to a certain extent depending on several factors. Besides the three variables, the other factors include the credit history of the business owner or enterprise, the down payment amount, the collateral provided, the stability and efficiency of the business organization, and so on. 

To get a finalized EMI amount, it is best to reach out to a loan provider or agent. The commercial vehicle loan EMI calculator, however, is a helpful tool to get an idea of what the amount could possibly be.