Car loan eligibility calculator

Car loan eligibility depends on various factors. Car loan eligibility calculator helps an individual to get an approximate idea of the amount he is eligible for loaning. The calculator considers different factors for eligibility calculation, especially the income.

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.

The eligibility or qualification criteria for a car loan differs from one lender to the other according to the borrower’s profile. Car loan is availed when buying a car for personal or commercial use. The lump sum amount borrowed is repaid in easy instalments.