Used Car Loan Calculator India

Get monthly emi as low as 1 634 per lakh with bank of india now offering vehicle loans with loan tenure upto 7 years.

Used car loan calculator india. A used car loan calculator for emi will also give results using the same formula but all you need to do for it is enter the three inputs in their respective slots and that s it. The first step would be to select the loan amount. So the rate charged on used car loans is on the higher side and starts from 13 75. Used car loans are provided at attractive interest rates and come with a repayment tenure of up to 7 years.

Self employed individuals and salaried employees can avail a used car loan. Loan up to 100 of on road price. By entering the following data. A car loan emi calculator is a straightforward and hassle free online tool to assist you to ascertain the final principal and interest amount of your car loan.

Simply key in the amount rate and tenure for which the car loan is sought the car loan emi calculator will automatically reflect the approximate emi s applicable for the loan tenure. Own your favourite car that you have always dreamt with attractive features of icici bank car loans. The calculation performed by emi calculator is. Emi calculator calculate equated monthly installment emi for home loan housing loan car loan personal loan in india with interactive charts.

The loan offered for the used car ranges from 60 to 80 of the on road price of the car. The used car loan emi calculator will give you the accurate emi value automatically within seconds. If you are not sure what interest rate you are being charged for your car loan try our interest rate calculator loan comparison tool. The time period for the payment of used car loan lies up to 7 years.

Also remember to refer the amortization schedule which shows a break up of the interest and principal repaid each year during the loan tenure. Pre approved and pre qualified car loans for existing customers. The calculator can be found on the top of this page. Lowest car loan interest rate currently offered by bank of india is 9 50 for which the emi per 1 lakh loan amount comes to 4 591 for a 2 year loan and 2 100 for a 5 year loan.

The step by step procedure to use the car loan emi calculator offered by bankbazaar is mentioned below. As the risk associated with the used car loan is higher. Process to use bankbazaar s car loan emi calculator. We offer car loans for new car pre owned car and even a loan against car.

New car or pre owned card. Enter the rate of interest and the processing fee. Next select the repayment tenure.