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Loan Calculator

4-in-1 Calculator: Calculate Loan Amount or Interest Rate or EMI or Loan Term

Picking the right auto loan is an individual choice and depends on various loan options, banks, vehicle type and credit history. Hence, pre-calculated EMIs are usually inaccurate. Rather than comparing the absolute EMIs, it is recommended that a buyer examines various options available to him and make the best choice suitable for him.

Besides this, getting information from an auto dealer about the varied options in the offing may be useful. Find ideal auto dealers in India to avail the best deals in car purchase.

In order to simplify the process of obtaining finance for purchasing a vehicle, we have gathered the loan information from most of the Indian banks. The bank loan information will give you an indication of the prevailing rates, application process etc. You can use that information to calculate your EMI or pick the best loan using our calculator below.

  EMI in Arrears     EMI in Advance  

Finance Glossary

Loan Amount: Amount which you intend to borrow. Excludes downpayment.
EMI: Equal Monthly Installment of the loan that you have to pay each month.
EMI Type: Depending on the financial institution EMI's may be of 2 types viz.
  • EMI in Advance: You have to pay the EMI at the start of the loan followed by beginning of each month. Also known as Front-Loaded EMI.
  • EMI in Arrears: You have to pay the EMI at the end of each month. Also known as Rear-Ended EMI.
Loan Term: Period of the loan in months.
Interest Rate Interest on the loan is calculated monthly on the outstanding balance at 1/12 of the annual interest rate.