Car Loan Calculator
Calculate your car loan EMI, down payment, and total cost
Car Loan Details
₹
Total on-road price of the car
Typical range: 15% to 50%
Current range: 7.5% to 15%
Maximum tenure is typically 7 years
Loan Summary
Enter car details to calculate loan EMI
Car Loan Guide
Top Car Loan Providers
- • SBI Car Loan: 7.70% - 8.85%
- • HDFC Bank: 7.75% - 8.90%
- • ICICI Bank: 7.75% - 10.50%
- • Axis Bank: 7.75% - 8.75%
- • Kotak Bank: 7.99% onwards
- • Tata Motors Finance: 7.99% onwards
- • Mahindra Finance: 8.15% onwards
Eligibility Criteria
- • Age: 21-65 years
- • Income: ₹2.5L+ per annum
- • Credit Score: 700+
- • Employment: 2+ years experience
- • Down Payment: 15-50% of car price
Required Documents
- • Identity & Address Proof
- • Income Proof (Salary slips, ITR)
- • Bank Statements (3-6 months)
- • Employment Certificate
- • Car Quotation/Invoice
Car Loan Types
New Car Loan
Lower interest rates, up to 90% financing
Used Car Loan
Higher rates, up to 80% financing
Pre-approved Loan
Quick approval, negotiation power
💡 Pro Tip
Consider the total cost of ownership including insurance, maintenance, and fuel costs when choosing your car loan tenure.