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Hyundai Alcazar Car Loan EMI Calculator

Best Hyundai Alcazar Car Loan EMI Calculator With Downpayment - Check out the Cheapest Hyundai Alcazar Car Loan EMI Calculator With Downpayment from all banks with lower inerest rates, Loan for 5 Years, 7 Years and 8 Years plan with minimum eligibility and documentations with Private Banks and Govt Banks. Check out the Interest Rates of Hyunday Car Loan EMI of All Private and Government Banks HDFC Bank, ICICI Bank, Syndicate Bank, SBI Bank, Kotak Mahindra Bank, Canara Bank, IDBI First Bank, HSBC Bank, Punjab National Bank and many more.

Hyundai Alcazar

The EMI for a Hyundai Alcazar starts at ₹ 34,925 per month for a 60-month term at 9.8 percent for a loan amount of ₹ 16.30 Lakh*. The AutoSpyders EMI Calculator tool provides a full breakdown of the entire due amount and assists you in choosing the best vehicle loan for your Alcazar.

Hyundai Alcazar Down Payment and EMI

Hyundai Alcazar VARIANTS LOAN @ RATE% DOWN PAYMENT EMI AMOUNT (60 MONTHS) EMI AMOUNT (84 MONTHS)
Prestige 7-Seater
9.8%
₹ 1,84,000
₹ 34,925
₹ 27,245
Prestige
9.8%
₹ 1,85,000
₹ 35,256
₹ 27,503
Prestige 7-Seater Diesel
9.8%
₹ 2,05,000
₹ 39,104
₹ 30,505
Prestige Diesel
9.8%
₹ 1,86,000
₹ 35,362
₹ 27,586
Prestige AT
9.8%
₹ 2,02,000
₹ 38,366
₹ 29,929
Platinum 7-Seater
9.8%
₹ 2,05,000
₹ 38,983
₹ 30,410
Platinum 7-Seater Diesel
9.8%
₹ 2,05,000
₹ 39,104
₹ 30,505
Signature
9.8%
₹ 2,10,000
₹ 40,016
₹ 31,217
Signature Dual Tone
9.8%
₹ 2,12,000
₹ 40,326
₹ 31,458
Signature Diesel
9.8%
₹ 2,11,000
₹ 40,114
₹ 31,293
Signature Dual Tone Diesel
9.8%
₹ 2,12,000
₹ 40,444
₹ 31,550
Platinum AT
9.8%
₹ 2,20,000
₹ 41,798
₹ 32,606
Platinum 7-Seater Diesel AT
9.8%
₹ 2,31,000
₹ 43,919
₹ 34,261
Platinum Diesel AT
9.8%
₹ 2,20,000
₹ 41,914
₹ 32,697
Signature AT
9.8%
₹ 2,23,000
₹ 42,414
₹ 33,087
Signature Dual Tone AT
9.8%
₹ 2,25,000
₹ 42,724
₹ 33,328
Signature Diesel AT
9.8%
₹ 2,23,000
₹ 42,342
₹ 33,031
Signature Dual Tone Diesel AT
9.8%
₹ 2,24,000
₹ 42,672
₹ 33,288

Due to the many auto loan options given by various lenders, it is much easier to acquire your ideal car nowadays. Car loans are available with low interest rates and up to an 8-year payback period. A Car Loan EMI Calculator is available from a variety of banks and third-party websites, and it helps you to calculate the Equated Monthly Instalments (EMIs) that must be paid. AutoSpyder's Car Loan EMI Calculator is simple to use and completely free. To calculate the EMI, basic information such as the payback term, principle amount, and interest rate must be input.

Car Loan EMI Structure of Hyundai Alcazar Prestige 7-Seater

Model Name

Hyundai Alcazar Prestige 7-Seater

Price

₹ 16.30 Lakh* (ex-showroom)

Loan Amount

₹ 16,51,419

Downpayment

₹ 1,84,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 2,87,296
₹ 4,44,110
₹ 4,08,483
₹ 6,37,174
Total Amount Payable
₹ 19,38,715
₹ 20,95,529
₹ 20,59,902
₹ 22,88,593

Monthly EMI

₹ 32,312

₹ 34,925

₹ 24,523

₹ 27,245

EMI / 1 Lakh
₹ 1,957
₹ 2,115
₹ 1,485
₹ 1,968

Car Loan EMI Structure of Hyundai Alcazar Prestige

Model Name

Hyundai Alcazar Prestige

Price

₹ 16.45 Lakh* (ex-showroom)

Loan Amount

₹ 16,67,048

Downpayment

₹ 1,85,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 2,90,014
₹ 4,48,313
₹ 4,12,349
₹ 6,43,204
Total Amount Payable
₹ 19,57,062
₹ 21,15,361
₹ 20,79,397
₹ 23,10,252

Monthly EMI

₹ 32,618

₹ 35,256

₹ 24,755

₹ 27,503

EMI / 1 Lakh
₹ 1,957
₹ 2,115
₹ 1,485
₹ 1,968

Car Loan EMI Structure of Hyundai Alcazar Prestige 7-Seater Diesel

Model Name

Hyundai Alcazar Prestige 7-Seater Diesel

Price

₹ 16.53 Lakh* (ex-showroom)

Loan Amount

₹ 16,57,478

Downpayment

₹ 1,84,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 2,88,350
₹ 4,45,739
₹ 4,09,982
₹ 6,39,512
Total Amount Payable
₹ 19,45,828
₹ 21,03,217
₹ 20,67,460
₹ 22,96,990

Monthly EMI

₹ 32,430

₹ 35,054

₹ 24,613

₹ 27,345

EMI / 1 Lakh
₹ 1,957
₹ 2,115
₹ 1,485
₹ 1,968

Car Loan EMI Structure of Hyundai Alcazar Prestige Diesel

Model Name

Hyundai Alcazar Prestige Diesel

Price

₹ 16.68 Lakh* (ex-showroom)

Loan Amount

₹ 16,72,080

Downpayment

₹ 1,86,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 2,90,890
₹ 4,49,666
₹ 4,13,593
₹ 6,45,146
Total Amount Payable
₹ 19,62,970
₹ 21,21,746
₹ 20,85,673
₹ 23,17,226

Monthly EMI

₹ 32,716

₹ 35,362

₹ 24,829

₹ 27,586

EMI / 1 Lakh
₹ 1,957
₹ 2,115
₹ 1,485
₹ 1,968

Car Loan EMI Structure of Hyundai Alcazar Prestige AT

Model Name

Hyundai Alcazar Prestige AT

Price

₹ 17.93 Lakh* (ex-showroom)

Loan Amount

₹ 18,14,115

Downpayment

₹ 2,02,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 3,15,600
₹ 4,87,863
₹ 4,48,726
₹ 6,99,948
Total Amount Payable
₹ 21,29,715
₹ 23,01,978
₹ 22,62,841
₹ 25,14,063

Monthly EMI

₹ 35,495

₹ 38,366

₹ 26,939

₹ 29,929

EMI / 1 Lakh
₹ 1,957
₹ 2,115
₹ 1,485
₹ 1,968

Car Loan EMI Structure of Hyundai Alcazar Platinum 7-Seater

Model Name

Hyundai Alcazar Platinum 7-Seater

Price

₹ 18.22 Lakh* (ex-showroom)

Loan Amount

₹ 18,43,263

Downpayment

₹ 2,05,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 3,20,670
₹ 4,95,702
₹ 4,55,936
₹ 7,11,194
Total Amount Payable
₹ 21,63,933
₹ 23,38,965
₹ 22,99,199
₹ 25,54,457

Monthly EMI

₹ 36,066

₹ 38,983

₹ 27,371

₹ 30,410

EMI / 1 Lakh
₹ 1,957
₹ 2,115
₹ 1,485
₹ 1,968

Car Loan EMI Structure of Hyundai Alcazar Platinum 7-Seater Diesel

Model Name

Hyundai Alcazar Platinum 7-Seater Diesel

Price

₹ 18.45 Lakh* (ex-showroom)

Loan Amount

₹ 18,48,984

Downpayment

₹ 2,05,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 3,21,666
₹ 4,97,240
₹ 4,57,351
₹ 7,13,402
Total Amount Payable
₹ 21,70,650
₹ 23,46,224
₹ 23,06,335
₹ 25,62,386

Monthly EMI

₹ 36,177

₹ 39,104

₹ 27,456

₹ 30,505

EMI / 1 Lakh
₹ 1,957
₹ 2,115
₹ 1,485
₹ 1,968

Car Loan EMI Structure of Hyundai Alcazar Signature

Model Name

Hyundai Alcazar Signature

Price

₹ 18.70 Lakh* (ex-showroom)

Loan Amount

₹ 18,92,139

Downpayment

₹ 2,10,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 3,29,173
₹ 5,08,846
₹ 4,68,026
₹ 7,30,052
Total Amount Payable
₹ 22,21,312
₹ 24,00,985
₹ 23,60,165
₹ 26,22,191

Monthly EMI

₹ 37,022

₹ 40,016

₹ 28,097

₹ 31,217

EMI / 1 Lakh
₹ 1,957
₹ 2,115
₹ 1,485
₹ 1,968

Car Loan EMI Structure of Hyundai Alcazar Signature Dual Tone

Model Name

Hyundai Alcazar Signature Dual Tone

Price

₹ 18.85 Lakh* (ex-showroom)

Loan Amount

₹ 19,06,768

Downpayment

₹ 2,12,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 3,31,718
₹ 5,12,780
₹ 4,71,644
₹ 7,35,697
Total Amount Payable
₹ 22,38,486
₹ 24,19,548
₹ 23,78,412
₹ 26,42,465

Monthly EMI

₹ 37,308

₹ 40,326

₹ 28,314

₹ 31,458

EMI / 1 Lakh
₹ 1,957
₹ 2,115
₹ 1,485
₹ 1,968

Car Loan EMI Structure of Hyundai Alcazar Signature Diesel

Model Name

Hyundai Alcazar Signature Diesel

Price

₹ 18.93 Lakh* (ex-showroom)

Loan Amount

₹ 18,96,775

Downpayment

₹ 2,11,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 3,29,980
₹ 5,10,093
₹ 4,69,172
₹ 7,31,841
Total Amount Payable
₹ 22,26,755
₹ 24,06,868
₹ 23,65,947
₹ 26,28,616

Monthly EMI

₹ 37,113

₹ 40,114

₹ 28,166

₹ 31,293

EMI / 1 Lakh
₹ 1,957
₹ 2,115
₹ 1,485
₹ 1,968

Car Loan EMI Structure of Hyundai Alcazar Signature Dual Tone Diesel

Model Name

Hyundai Alcazar Signature Dual Tone Diesel

Price

₹ 19.08 Lakh* (ex-showroom)

Loan Amount

₹ 19,12,377

Downpayment

₹ 2,12,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 3,32,694
₹ 5,14,288
₹ 4,73,032
₹ 7,37,861
Total Amount Payable
₹ 22,45,071
₹ 24,26,665
₹ 23,85,409
₹ 26,50,238

Monthly EMI

₹ 37,418

₹ 40,444

₹ 28,398

₹ 31,550

EMI / 1 Lakh
₹ 1,957
₹ 2,115
₹ 1,485
₹ 1,968

Car Loan EMI Structure of Hyundai Alcazar Platinum AT

Model Name

Hyundai Alcazar Platinum AT

Price

₹ 19.55 Lakh* (ex-showroom)

Loan Amount

₹ 19,76,367

Downpayment

₹ 2,20,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 3,43,826
₹ 5,31,497
₹ 4,88,860
₹ 7,62,550
Total Amount Payable
₹ 23,20,193
₹ 25,07,864
₹ 24,65,227
₹ 27,38,917

Monthly EMI

₹ 38,670

₹ 41,798

₹ 29,348

₹ 32,606

EMI / 1 Lakh
₹ 1,957
₹ 2,115
₹ 1,485
₹ 1,968

Car Loan EMI Structure of Hyundai Alcazar Platinum 7-Seater Diesel AT

Model Name

Hyundai Alcazar Platinum 7-Seater Diesel AT

Price

₹ 19.63 Lakh* (ex-showroom)

Loan Amount

₹ 21,23,071

Downpayment

₹ 2,36,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 3,69,348
₹ 5,70,949
₹ 5,25,147
₹ 8,19,154
Total Amount Payable
₹ 24,92,419
₹ 26,94,020
₹ 26,48,218
₹ 29,42,225

Monthly EMI

₹ 41,540

₹ 44,900

₹ 31,526

₹ 35,026

EMI / 1 Lakh
₹ 1,957
₹ 2,115
₹ 1,485
₹ 1,968

Car Loan EMI Structure of Hyundai Alcazar Platinum Diesel AT

Model Name

Hyundai Alcazar Platinum Diesel AT

Price

₹ 19.78 Lakh* (ex-showroom)

Loan Amount

₹ 19,81,853

Downpayment

₹ 2,20,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 3,44,781
₹ 5,32,972
₹ 4,90,217
₹ 7,64,667
Total Amount Payable
₹ 23,26,634
₹ 25,14,825
₹ 24,72,070
₹ 27,46,520

Monthly EMI

₹ 38,777

₹ 41,914

₹ 29,429

₹ 32,697

EMI / 1 Lakh
₹ 1,957
₹ 2,115
₹ 1,485
₹ 1,968

Car Loan EMI Structure of Hyundai Alcazar Signature AT

Model Name

Hyundai Alcazar Signature AT

Price

₹ 19.84 Lakh* (ex-showroom)

Loan Amount

₹ 20,05,516

Downpayment

₹ 2,23,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 3,48,897
₹ 5,39,336
₹ 4,96,070
₹ 7,73,797
Total Amount Payable
₹ 23,54,413
₹ 25,44,852
₹ 25,01,586
₹ 27,79,313

Monthly EMI

₹ 39,240

₹ 42,414

₹ 29,781

₹ 33,087

EMI / 1 Lakh
₹ 1,957
₹ 2,115
₹ 1,485
₹ 1,968

Car Loan EMI Structure of Hyundai Alcazar Signature Dual Tone AT

Model Name

Hyundai Alcazar Signature Dual Tone AT

Price

₹ 19.99 Lakh* (ex-showroom)

Loan Amount

₹ 20,20,144

Downpayment

₹ 2,25,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 3,51,442
₹ 5,43,270
₹ 4,99,688
₹ 7,79,441
Total Amount Payable
₹ 23,71,586
₹ 25,63,414
₹ 25,19,832
₹ 27,99,585

Monthly EMI

₹ 39,526

₹ 42,724

₹ 29,998

₹ 33,328

EMI / 1 Lakh
₹ 1,957
₹ 2,115
₹ 1,485
₹ 1,968

Car Loan EMI Structure of Hyundai Alcazar Signature Diesel AT

Model Name

Hyundai Alcazar Signature Diesel AT

Price

₹ 19.99 Lakh* (ex-showroom)

Loan Amount

₹ 20,02,096

Downpayment

₹ 2,23,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 3,48,302
₹ 5,38,416
₹ 4,95,224
₹ 7,72,477
Total Amount Payable
₹ 23,50,398
₹ 25,40,512
₹ 24,97,320
₹ 27,74,573

Monthly EMI

₹ 39,173

₹ 42,342

₹ 29,730

₹ 33,031

EMI / 1 Lakh
₹ 1,957
₹ 2,115
₹ 1,485
₹ 1,968

Car Loan EMI Structure of Hyundai Alcazar Signature Dual Tone Diesel AT

Model Name

Hyundai Alcazar Signature Dual Tone Diesel AT

Price

₹ 20.14 Lakh* (ex-showroom)

Loan Amount

₹ 20,17,698

Downpayment

₹ 2,24,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 3,51,017
₹ 5,42,612
₹ 4,99,083
₹ 7,78,497
Total Amount Payable
₹ 23,68,715
₹ 25,60,310
₹ 25,16,781
₹ 27,96,195

Monthly EMI

₹ 39,479

₹ 42,672

₹ 29,962

₹ 33,288

EMI / 1 Lakh
₹ 1,957
₹ 2,115
₹ 1,485
₹ 1,968

About Hyundai Alcazar

In India, the Hyundai Alcazar has made its debut. The SUV, which is based on the Creta, comes in six- and seven-seat configurations in three variants: Prestige, Platinum, and Signature. For a fee of Rs 25,000, reservations for the Alcazar are available. The 2021 Hyundai Alcazar comes with two engine options: a 2.0-litre petrol engine with 156 horsepower and 191 Nm of torque, and a 1.5-litre diesel engine with 113 horsepower and 250 Nm of torque. There are two transmission options: a six-speed manual and a six-speed automatic.

Phantom Black, Polar White, Starry Night, Taiga Brown, Titan Grey, Typhoon Silver, Polar White with Black Phantom roof, and Titan Grey with Phantom Black roof are among the eight colours available for the new Hyundai Alcazar. LED headlights with LED DRLs, a chrome studded front grille, contrast coloured skid plates, 18-inch alloy wheels, roof rails, body-colored ORVMs, and LED tail lights are all standard on the model.

The Hyundai Alcazar has a 10.25-inch touchscreen infotainment system with Apple CarPlay and Android Auto, BlueLink connectivity, a panoramic sunroof, 360-degree camera, ventilated front seats, a fully digital instrument cluster, dual-tone interior theme, ambient lighting, a full-size armrest in the second row with cup holders, drive modes, traction control modes, wireless charging, powered driver seat, and remote engine start function on the inside. Six airbags, ABS with EBD, ESC, HAC, TPMS, rear disc brakes, rear view camera, rear defogger, front and rear parking sensors, and Isofix child seat anchoring points are among the model's safety features.

Car Loan EMI Table

Loan amount (Rs.)
Interest rate
EMI for 2 years (Rs.)
EMI for 3 years (Rs.)
EMI for 4 years (Rs.)
EMI for 5 years (Rs.)
EMI for 6 years (Rs.)
EMI for 7 years (Rs.)
1 lakh
9.75%
₹ 4,603
₹ 3,215
₹ 2,524
₹ 2,112
₹ 1,840
₹ 1,647
5 lakh
9.75%
₹ 23,015
₹ 16,075
₹ 12,621
₹ 10,562
₹ 9,200
₹ 8,236
10 lakh
9.75%
₹ 46,030
₹ 32,150
₹ 25,243
₹ 21,124
₹ 18,400
₹ 16,472
15 lakh
9.75%
₹ 69,044
₹ 48,225
₹ 37,864
₹ 31,686
₹ 27,600
₹ 24,708
20 lakh
9.75%
₹ 92,059
₹ 64,300
₹ 50,485
₹ 42,248
₹ 36,800
₹ 32,945
25 lakh
9.75%
₹ 1,15,074
₹ 80,375
₹ 63,107
₹ 52,811
₹ 46,000
₹ 41,181
30 lakh
9.75%
₹ 1,38,089
₹ 96,450
₹ 75,728
₹ 63,373
₹ 55,200
₹ 49,417
35 lakh
9.75%
₹ 1,61,104
₹ 1,12,525
₹ 88,349
₹ 73,935
₹ 64,400
₹ 57,653
Car Loan EMI Calculator

The Benefits of Using an EMI Calculator for a Car Loan

  • The Following is a breakdown of the due amount: The EMI calculator for a car loan allows you to determine the processing costs, interest paid, total amount due, and principle amount.
  • Your Budget Can Be Planned: Once you know how much EMI you'll have to pay, you can make a budget. If the loan amount is substantial, you may want to consider a longer repayment period. The vehicle loan EMI calculator can help you figure out these data.
  • Accuracy: The answers presented on the calculator are correct based on the information entered on the calculator. The results of manual computations may not be correct.
  • Saves Time: The main goal of the EMI calculator for a car loan is to save time. The results are presented relatively soon when the appropriate details are submitted.
  • No Limit: There is no limit to how many times you may use the calculator. As a result, you utilise the calculator to experiment with various options. This might assist you in determining the best lender and the required down payment.
  • Compare: You can compare the EMIs for different numbers because the calculator has no restriction on how many times it can be used.

New Car Loan Interest Rates Comparison Offered by Top Lenders

Name of the Lender Interest Rate (p.a.) Loan Amount Processing Fee
Union Bank of India 7.40% onwards Up to ₹ 125 lakh 0.25% to 0.50% of the loan amount
IDBI Bank 7.35% onwards (floating) Up to ₹ 25 lakh -
Axis Bank 7.45% onwards ₹ 1 lakh onwards ₹ 3,500 to ₹ 5,500
State Bank of India 7.20% onwards Up to 48 times of monthly income Nil (Until 31 January 2022)
Jammu And Kashmir Bank

RLLR + 0.75% onwards (floating)

RLLR + 1.50% onwards (fixed)

₹ 50 lakh 0.5% of loan amount Min: ₹ 1,500
Canara Bank Car Loan 7.30% onwards Up to 90% of the car's value 0.25% of loan amount Min: ₹ 1,000 Max: ₹ 5,000
Federal Bank Car Loan 8.50% onwards Up to 100% of the car's ex-showroom price ₹ 1,500 to ₹ 2,500
Bank of Baroda 7.00% onwards ₹ 1,500 (plus GST) 0.5% of loan amount Max: ₹ 10,000
Bank of India Car Loan 7.35% onwards ₹ 200 lakh 0.25% of loan amount

Car Loan Eligibility

Do you have questions regarding your auto loan eligibility and what you can do to improve your chances of being approved? BankBazaar provides you with all of the information you need about vehicle loan eligibility from the most reputable institutions. Get a trustworthy guide to selecting the best auto loan for you so you can make the best decision and apply for the best car loan right now. Your eligibility for a vehicle loan may differ depending on the lender, however many will look for the following criteria:

Particulars Details
Minimum Age of the Applicant 18 years
Maximum Age of the Applicant 60 years for salaried applicants and 65 years for self-employed applicants
Minimum Annual Income ₹ 3 lakh
Car Model Any approved car model
Type of Employment Salaried or self-employed
Country or Place of Residence India (rural/semi-urban/urban areas)
Duration of Stay in Current Residence A minimum of 1 year

How is EMI determined

The EMI for any type of loan is essentially calculated using a formula. The formula is as follows:

E = P x R x (1+R)^n / {(1+R)^n – 1}

where ‘E’ stands for the EMI you owe,

‘P’ stands for the principal amount,

‘R’ stands for the interest rate applicable to your car loan,

and ‘n’ stands for the tenure of the car loan (in months).

Disclaimer: The EMI Calculator's computation is based on the information you gave and is only intended to be used as a guide. The figures in this computation are in Indian Rupees and have been rounded to the nearest whole number. Monthly payments are estimated and do not include any processing or other fees that may apply depending on the financial institution / banks. All loan amounts are based on non-commercial use and are contingent on credit clearance from a third-party lender. Depending on the kind and use of the car, regional lender restrictions, and the quality of your credit, the actual down payment and resultant monthly payments may vary. For a precise monthly payment, check with your dealer.

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