Car Loan EMI Calculator

Calculate car loan EMI and plan your vehicle purchase. Get accurate EMI calculations for car loans with down payment and interest analysis.

Car Loan Details

Basic Information

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Car Loan EMI Results

Enter your car loan details and click calculate to see results

Car Loan Tips

  • Down Payment: Higher down payment reduces EMI
  • Tenure: Shorter tenure means higher EMI but less interest
  • Interest Rate: Compare rates from different lenders
  • Prepayment: Consider prepayment options

Frequently Asked Questions

What is the maximum tenure for car loans?

Car loans typically have a maximum tenure of 5-7 years, depending on the lender and the age of the vehicle. New cars usually have longer tenure options.

What is the minimum down payment for car loans?

The minimum down payment for car loans is usually 10-20% of the car's value. Some lenders may offer lower down payment options for specific car models.

Can I prepay my car loan?

Yes, most lenders allow prepayment of car loans. However, there may be prepayment charges, especially if you prepay within the first year of the loan.