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Used Car Loan EMI Calculator

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STEP 01

Required Loan Amount

STEP 02

Interest Rate

%

Min 13%

Max 16%

STEP 03

Loan Tenure

months

Min 18 months

Max 48 months

Loan Summary

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Loan

Loan Amount

₹ 1,00,000

Interest Payable

₹ 10,606

Monthly EMI

₹ 6,145

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FAQs

What is an EMI?

EMI (Equated Monthly Instalment) is the fixed payment that the borrower makes to the lender. EMI includes repayment of the loan principal amount and interest on the loan.

What is a Used Car Loan EMI Calculator?

A Used Car Loan EMI calculator is a utility tool that helps calculate a loan's monthly instalment.

How to use the Used Car Loan EMI Calculator?

  • Use the slider to select the loan amount
  • Select the loan tenure in months using the slider
  • Move the slider and select the interest rate

EMI will be calculated when you move the sliders and you can recalculate your EMI anytime by changing the input slider.

Financing your used car is easy and quick