1. Total Loan Amount:
2. Down Payment:
3. Bank Interest rate: 10.5 %
4. Number of months: 60 Month
CarsExpert Car Loan EMI Calculator gives you a quick and estimated low-down on how much you are going to pay each month as an EMI to repay your car loan.
How does it work?
It's pretty easy - select your desired brand/model/variant > next, use the slider to adjust a down payment, > interest rate > and the number of months you intend to repay the loan by. What would reflect on the screen is the EMI of your can loan for the selected model version. The moment you select another version or a different brand model altogether, the EMI amount changes instantly. On the other hand, the EMI break-up gives you a good insight into various charges including the down payment, principal and interest charged. The pie chart eases it further down for you.
Disclaimer: Please note that the calculation performed by EMI Calculator is based on the information you entered and is for illustrative purposes only. This calculation reflects amounts in Indian Rupee rounded to the nearest whole figure. Estimated monthly payments DO NOT include any processing or other possible fees which may depend on the financial institution / banks. All the loan figures are based on non-commercial usage and are subject to credit approval from an independent lending source. Actual down payment and resulting monthly payments may vary depending upon type and use of vehicle, regional lender requirements, and the strength of your credit. Check with your dealer for exact monthly payment.