What is a car loan calculator?
The calculator also allows you to view the various segments of the repayment value, individually and helps in determining your car loan eligibility. It presents a break of the total payable amount into the loan amount, total interest amount payable and the processing fee.
What is the car loan EMI calculator?
With the Car EMI Calculator, you only need to input the necessary information whether you intend to buy a new car or a pre-owned car, the sanction loan amount required, tenure of the loan, interest rate and select calculate. The Auto Loan EMI Calculator offers you a detailed view of your yearly principal and interest repayment amounts.
How long does a car loan last in India?
In India, most car loans run for 1 to 5 years, although certain new plans to run for up to 7 years. The lower the tenure, the higher the EMIs you need to pay. Do I need a co-guarantor for a car loan?
How much time does it take to use the calculator?
If you have the details with you (total amount, interest levied and tenure), it takes only a few minutes.
Can I avail myself a car loan to buy a used vehicle?
Yes, almost all major financial institutions provide loans for used vehicles. Also, the calculator provided on this page can act like a used car lo...
What is the typical tenure of a car loan in India?
In India, most car loans run for 1 to 5 years, although certain new plans to run for up to 7 years. The lower the tenure, the higher the EMIs you n...
Do I need a co-guarantor for a car loan?
It is not mandatory to have a co-guarantor. However, if you do not meet the eligibility criteria on your own, you may need one.