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FREE CREDIT SCORE
BEST INTEREST RATES
FREE CREDIT SCORE
BEST INTEREST RATES
Loan EMI ₹
Total Interest ₹
Total Amount Payable ₹
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Top 10 Banks with best interest rates :
| Sr no. | Bank Name | ROI | Amount Range | Processinfg fee |
|---|---|---|---|---|
| 1 | Axis Bank | 9.40% | 1lk - 50lk | 1% / 3500 |
| 2 | Bank Of Baroda | 8.80% | 1lk - 50lk | 750 |
| 3 | Canara Bank | 8.70% | 1lk - 50lk | 0.25% |
| 4 | Federal Bank of India | 9.00% | 1lk - 20lk | 2% |
| 5 | HDFC Bank | 8.40% | 1lk - 25lk | Upto 1% of Loan Amount subject to minimum of Rs. 3500/- and maximum of Rs. 9000/- |
| 6 | ICICI Bank | 10.20% | 1lk - 1cr | Upto 2% of loan amount + applicable GST |
| 7 | Union Bank Of India | 8.10% | 100% | Flat Rs.1000 Plus GST for four wheeler |
| 8 | Punjab National Bank | 8.50% | 1lk -25lk | 0.35% of loan amount |
| 9 | State Bank of India | 9.10% | 1lk - 10lk | NIL |
| 10 | Bank of Maharashtra | 8.45% | 1lk - 5cr | 0.25% |
(*Rate of Interest depends on your Credit Score*)
Car Loan EMI Calculator:
A Car Loan EMI Calculator is an indispensable tool for anyone planning to finance their vehicle purchase through a loan. It simplifies the decision-making process by providing accurate and instant EMI calculations, enabling borrowers to choose a loan that fits their budget and repayment capacity. By using this tool, borrowers can make informed decisions and enjoy a stress-free car buying experience.
Advantages of a Car Loan EMI Calculator:
Using a Car Loan EMI Calculator offers several key advantages for businesses:
Benefits of a Car Loan:
Here are some of the advantages of taking out a car loan:
Documents Required for a Car Loan:
The typical documents required for a car or bike loan application include:
A car loan is a type of credit offered by banks or financial institutions specifically for the purpose of purchasing a car. The lender pays the dealer upfront for the vehicle, and the borrower repays the lender over time, including the loan amount along with interest and applicable fees.
There is no fixed upper limit for a car loan. Lenders typically offer loans for up to 80% of the car’s on-road price, but some may offer up to 100%. The loan amount depends on factors such as the vehicle’s road price and the borrower’s financial profile.
Eligibility requirements can vary by lender but typically include factors like age, income stability, employment status, and credit history.
Yes, your loan application may be rejected if you do not meet the eligibility criteria or if there are errors in your documentation. Also, having a CIBIL score of 750 or higher is often a requirement.
Yes, many banks and financial institutions offer loans for second-hand vehicles, but the vehicle should have proper documentation.
Using a Car loan EMI calculator before applying is essential because it helps you understand the monthly financial commitment involved. It allows you to assess multiple factors whether the loan is affordable based on your salary, expenses and lets you explore various loan scenarios (loan amount, tenure, interest rates) to find the best fit. By using our calculator, you can make well-informed decisions, avoid surprises, and effectively plan your finances.
