Drive your dream car with smart planning
Drive your dream car with smart finance
Determine your budget by calculating EMI before visiting the dealership.
Compare effective interest rates from multiple dealers and banks.
Balance your monthly outflow by choosing the optimal loan tenure (3-7 years).
Understand the real cost of buying a car including interest payments.
Ensure your car payments fit comfortably within your monthly household budget.
Calculate how a higher down payment can reduce your monthly EMI burden.
Car Loan EMI is the monthly payment you make to repay your auto loan. The loan is secured against the car itself, meaning the vehicle is hypothecated to the bank until the loan is fully paid off.
Car is pledged to bank
Typically 3-7 Years
On Reducing Balance
Common queries about Car Loans
Most banks offer car loans for a tenure of up to 7 years (84 months). Some lenders may offer up to 8 years for select models or profiles.