EMI Per Lakh Chart for Car Loan in India, calculate car payments.#Calculate #car #payments


EMI Per Lakh Chart for Car Loan in India. Calculate Interest,EMI

Calculate car payments

Compute Per Lakh EMI for Car Loan from 3 years to 7 years and from 9% to 13% with Icici, Hdfc, Kotak, Sbi and Other Banks in India

EMI Per Lac Chart

a) Without Advance EMI :- Below is EMI Per Lac Chart in Case of No Advance EMI i.e Arrears Scheme in Car Loan

Interest Rate Tenor 3 yr 4 yr 5 yr 6 yr 7 yr

9% 3180 2488 2075 1802 1609

9.25% 3191 2500 2088 1815 1622

9.5% 3203 2512 2100 1827 1634

9.75% 3215 2524 2112 1839 1647

10% 3227 2536 2125 1851 1660

10.25% 3238 2548 2137 1864 1673

10.5% 3250 2560 2149 1878 1686

10.75% 3262 2572 2162 1891 1699

11% 3274 2585 2174 1903 1712

11.25% 3286 2597 2186 1916 1725

11.5% 3298 2609 2199 1929 1739

11.75% 3309 2621 2212 1942 1752

12% 3321 2633 2224 1955 1765

12.25% 3333 2645 2236 1968 1779

12.5% 3345 2658 2250 1981 1792

12.75% 3357 2670 2263 1994 1806

13% 3369 2683 2275 2007 1819

Calculate Car Loan Interest

b) With 1 Advance EMI :- Below is EMI Per Lac Chart in Case of Advance EMI (where 1 Advance EMI will be shown in your Loan Statement)

Interest Rate Tenor 3 yr 4 yr 5 yr 6 yr 7 yr

9% 3156 2470 2060 1789 1597

9.25% 3167 2481 2072 1801 1609

9.5% 3178 2493 2084 1813 1622

9.75% 3189 2504 2095 1825 1634

10% 3200 2515 2107 1837 1646

10.25% 3211 2527 2119 1849 1659

10.5% 3222 2538 2131 1862 1671

10.75% 3233 2550 2143 1874 1684

11% 3244 2561 2154 1886 1697

11.25% 3255 2573 2166 1898 1709

11.5% 3266 2584 2178 1911 1722

11.75% 3277 2596 2190 1923 1735

12% 3289 2607 2202 1936 1748

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Gagan Modi

Gagan is CEO of Modi Online Ventures. Backed with a Management Degree from one among Top 10 Institute in India with Professional Work Experience of over 15 Years including working with Largest Passenger Car Manufacturer and Largest Private Sector Bank in India.

Having passion for Automobiles and Entrepreneurship – ventured Single-Handed in Business in April 2011. At MyCarHelpline – you can get in thousands of reviews, latest information updates which is 100% Unbiased with Personalized assistance through Forum.

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Comments 4

Calculate car payments

Experience of getting a car loan for a Used car:

1. Loan from a Nationalized bank: I approached a Nationalized bank and I got all the certificates they wanted and also got the car valuation done by their suggested evaluator. After all this they wanted a sale agreement between me and the company which would tell them that the company is ready to make a sale. My company declined to give me any letter like that saying that they cannot make a sale as it is not their business. They can only give a communication saying that I am the User. Of course they have no problem with bank paying to the financial institution directly.

2. Loan from a private bank: Then I approached a private bank and they told me that they don’t need any agreement. However, they said that they can disburse loan in only 2 days provided I already have a NOC. This can happen only when I pay then loan. Essentially the bank wants me to close the loan with financial institution for me to get a loan. This was absurd. The fact is since the loan is not closed vehicle is hypothecated to the financial institution and bank cannot issue another loan during this time. There is a workaround possible with bank getting some security documents from you during this period until the vehicle RC is changed and hypothecated to them. Interest rate is higher as well – 15%

SO anyone thinking to go for a loan on an used car have to be careful.

1. NOC must be available

2. Loan interest rate is higher

3. Loan will be 75% of the valuation

Calculate car payments

I am interested to buy a one year old eon hundai car in Rs 300000, i want to pay cash Rs one lakh and rs two lakh as loan, and laon period should maximum. The used car date of purchase is July 2013.,

pl inform me what will the emi at maximum period of finance, Ashok Sharma 7505330999

Calculate car payments

Be careful to do your math to see if the car will still be worth enough when you are finished making all your payments. If you choose to take a shorter loan, your car will be paid off much quicker and you will pay less for it in the long run, but your monthly payments will be higher.

Calculate car payments


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