2. Benefits of using EMI calculator Lets you compare multiple
car loan policies atsame time. Helps in understanding your loan
better. Car loan EMI calculator can be used anytimeanywhere. Car
loan EMI calculator is available for free ofcost.
3. How to use EMI calculator?EMI calculator is easy to use,
intuitive tounderstand and is quick to perform. Enter thefollowing
information in the car loan EMI calculator: Principal loan amount
you wish to avail (rupees) Loan term (months or years) Rate of
interest (percentage) EMI in advance OR EMI in arrears (for car
loanonly)
4. Use the sliderto adjust thevalues in theEMI
calculatorform.
5. Consider we need to take car loan of Rs. 8,00,000/-
with12.5% interest and 6 years of tenureYearly principal
andinterest to be paid
6. So a per our requirement here are thecomparison of various
car loan providercompanies we can choose from.Bank Name Interest
Rate Estimated EMIHDFC Bank 10.25% - 12.50% Rs.14922 -
Rs.15849State Bank of India (SBI) 10.75% Rs.15125Kotak Mahindra
11.50% - 13.50% Rs.15433 - Rs.16271Axis Bank 11.50% - 14.50%
Rs.15433 - Rs.16700
7. How to compare? Check your reimbursement power (EMI). Check
various other companies and their interestrates. Keep the tenure
same when comparing. Keep an eye on Processing Fee,
AdministrativeCharges & Pre-Payment Charges. Claim disbursal
time.
8. How to compare? Check your reimbursement power (EMI). Check
various other companies and their interestrates. Keep the tenure
same when comparing. Keep an eye on Processing Fee,
AdministrativeCharges & Pre-Payment Charges. Claim disbursal
time.
