How much emi will i have to pay if i have a good credit score?

If you have a good credit score, then you are likely to benefit from lower EMIs on your car loan or personal loan. Lenders in India view borrowers with high credit scores as low risk so they offer loans at lower starting interest rates and more favourable terms. The exact EMI you will pay depends on three main factors: the total loan amount, the interest rate offered, and the tenure or repayment period you choose. A longer tenure usually means a lower EMI, but you may end up paying more interest over the life of the loan.

You can easily estimate your EMI using an online EMI calculator. Just enter the loan amount, interest rate, and tenure to see your monthly payment. With a good credit score, you may also get access to flexible repayment options, such as step-up EMIs or part-prepayment facilities, making it easier to manage your finances.