Calculate Your Car Loan EMI

Where:
P = Principal Loan Amount (Car Price - Down Payment)
r = Monthly Interest Rate (Annual Rate ÷ 12 ÷ 100)
n = Loan Tenure in Months

Total Payment = Principal + Total Interest

• Loan Amount: Up to 90% of on-road price (New Car) | Up to 80% (Used Car)
• Interest Rates: 8.5% to 12% p.a. (based on credit score and car type)
• Tenure: 1 to 7 Years (12 to 84 months)
• Processing Fee: 0.5% to 2% of loan amount
• Tax Benefits: Available for business-owned vehicles