Check EMI for Cars at CarWale and get instant car loan eligibility with upto 100% financing
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₹ EMI For 5 years
1 year
8 years
60 months
8%
20%
Months | Principle | Interest | Balance |
---|---|---|---|
12 | Rs. -4,71,208 | Rs. 4,71,208 | Rs. 49,71,208 |
24 | Rs. -5,20,550 | Rs. 5,20,550 | Rs. 54,91,759 |
36 | Rs. -5,75,058 | Rs. 5,75,058 | Rs. 60,66,818 |
48 | Rs. -6,35,275 | Rs. 6,35,275 | Rs. 67,02,093 |
60 | Rs. -7,01,796 | Rs. 7,01,796 | Rs. 74,03,890 |
If you are not sure what interest rate you are being charged for your car loan, try our Interest Rate Calculator/Loan Comparison tool.
Disclaimer: 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 loan figures are based upon 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.
Attractive rates on car loans with instant 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.
Bank | Interest Rate |
---|---|
येस बैंक | 9.75% p.a. onwards |
How is car loan EMI calculated monthly?
EMIs or Equated Monthly Installments refer to the monthly payments you make to the lender to repay your loan. These payments include the principal amount as well as the interest i.e. EMI = Principal Amount + Interest on Principal amount. Mathematically, EMI can be calculated using the following formula: {P x R x (1+R)^N / [(1+R)^N-1]} where, P = Principal amount of the loan, R = Rate of interest and N = Number of monthly installments.
What is a Car Loan Repayment table?
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Does the EMI amount depend on the repayment tenure?