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Car Loan Calculator

Calculate your car loan EMI and total cost

Loan Details

20.0% of car price

Monthly EMI

₹0

Loan Amount:₹0
Down Payment:₹2,00,000
Total Interest:₹0
Total Car Cost:₹2,00,000

Loan Summary

Car Price₹10,00,000
Down Payment-₹2,00,000
Loan Amount₹0
Interest Rate9.5% p.a.
Loan Tenure60 months
Total Interest₹0
Total Car Cost₹2,00,000

Cost Breakdown

Down Payment100.0%
Principal Amount0.0%
Interest0.0%

0.0%

Interest on Loan

₹0

Annual Payment

About Car Loans

What is a Car Loan?

A car loan or auto loan is a secured loan provided by banks and NBFCs to purchase a new or used vehicle. The car serves as collateral until the loan is fully repaid.

Interest Rates

  • • New cars: 8.5% - 11% p.a.
  • • Used cars: 12% - 16% p.a.
  • • Rate depends on car age and model
  • • Lower rates for salaried individuals

Down Payment & Tenure

  • • Minimum down payment: 10-20% of car price
  • • Maximum tenure: 7 years
  • • Shorter tenure = lower total interest
  • • Up to 90% funding available

Additional Costs

  • • Processing fee: 1-2% of loan amount
  • • Insurance: Comprehensive + Add-ons
  • • RTO registration charges
  • • Prepayment charges may apply