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Tata Safari 2021 Car Loan EMI Calculator

Best Tata Safari 2021 Car Loan EMI Calculator With Downpayment - Check out the Cheapest Tata Safari 2021 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.

Tata Safari 2021

The EMI for a Tata Safari 2021 starts at ₹ 53,762 per month for a 60-month term at 9.8 percent for a loan amount of ₹ 23.19 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 Safari 2021.

Tata Safari 2021 Down Payment and EMI

Tata Safari 2021 VARIANTS
LOAN @ RATE%
DOWN PAYMENT
EMI AMOUNT (60 MONTHS)
EMI AMOUNT (84 MONTHS)
Tata Safari XE
9.8%
₹ 1,87,000
₹ 35,490
₹ 27,686
Tata Safari XM
9.8%
₹ 2,04,000
₹ 38,932
₹ 30,370
Tata Safari XMA AT
9.8%
₹ 2,20,000
₹ 41,887
₹ 32,675
Tata Safari XT
9.8%
₹ 2,22,000
₹ 42,290
₹ 32,990
Tata Safari XT Plus
9.8%
₹ 2,31,000
₹ 44,068
₹ 34,377
Tata Safari XZ
9.8%
₹ 2,43,000
₹ 46,151
₹ 36,002
Tata Safari XTA Plus
9.8%
₹ 2,47,000
₹ 47,023
₹ 36,682
Tata Safari XZ Plus 6 Str
9.8%
₹ 2,51,000
₹ 47,680
₹ 37,195
Tata Safari XZ Plus
9.8%
₹ 2,52,000
₹ 48,028
₹ 37,466
Tata Safari XZ Plus 6 Str Adventure Edition
9.8%
₹ 2,53,000
₹ 48,249
₹ 37,639
Tata Safari XZ Plus Adventure Edition
9.8%
₹ 2,55,000
₹ 48,576
₹ 37,894
Tata Safari XZA AT
9.8%
₹ 2,58,000
₹ 49,127
₹ 38,324
Tata Safari XZA Plus 6 Str AT
9.8%
₹ 2,66,000
₹ 50,656
₹ 39,516
Tata Safari XZ Plus Gold
9.8%
₹ 2,67,000
₹ 50,881
₹ 39,692
Tata Safari XZ Plus Gold 6 Str
9.8%
₹ 2,67,000
₹ 50,881
₹ 39,692
Tata Safari XZA Plus AT
9.8%
₹ 2,68,000
₹ 50,983
₹ 39,771
Tata Safari XZA Plus 6Str Adventure Edition AT
9.8%
₹ 2,69,000
₹ 51,109
₹ 39,870
Tata Safari XZA Plus Adventure Edition AT
9.8%
₹ 2,70,000
₹ 51,457
₹ 40,141
Tata Safari XZA Plus Gold 6 Str AT
9.8%
₹ 2,82,000
₹ 53,762
₹ 41,939
Tata Safari XZA Plus Gold AT
9.8%
₹ 2,82,000
₹ 53,762
₹ 41,939

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 Tata Safari XE

Model Name

Tata Safari XE

Price

₹ 14.99 Lakh* (Ex-Showroom)

Loan Amount

₹ 16,78,122

Downpayment

₹ 1,87,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 2,91,941
₹ 4,51,291
₹ 4,15,088
₹ 6,47,477
Total Amount Payable
₹ 19,70,063
₹ 21,29,413
₹ 20,93,210
₹ 23,25,599

Monthly EMI

₹ 32,834

₹ 35,490

₹ 24,919

₹ 27,686

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

Car Loan EMI Structure of Tata Safari XM

Model Name

Tata Safari XM

Price

₹ 16.53 Lakh* (Ex-Showroom)

Loan Amount

₹ 18,40,844

Downpayment

₹ 2,04,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 3,20,250
₹ 4,95,051
₹ 4,55,338
₹ 7,10,261
Total Amount Payable
₹ 21,61,094
₹ 23,35,895
₹ 22,96,182
₹ 25,51,105

Monthly EMI

₹ 36,018

₹ 38,932

₹ 27,335

₹ 30,370

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

Car Loan EMI Structure of Tata Safari XMA AT

Model Name

Tata Safari XMA AT

Price

₹ 17.83 Lakh* (Ex-Showroom)

Loan Amount

₹ 19,80,566

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
₹ 3,44,557
₹ 5,32,626
₹ 4,89,898
₹ 7,64,170
Total Amount Payable
₹ 23,25,123
₹ 25,13,192
₹ 24,70,464
₹ 27,44,736

Monthly EMI

₹ 38,752

₹ 41,887

₹ 29,410

₹ 32,675

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

Car Loan EMI Structure of Tata Safari XT

Model Name

Tata Safari XT

Price

₹ 18.05 Lakh* (Ex-Showroom)

Loan Amount

₹ 19,99,658

Downpayment

₹ 2,22,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 3,47,878
₹ 5,37,760
₹ 4,94,621
₹ 7,71,537
Total Amount Payable
₹ 23,47,536
₹ 25,37,418
₹ 24,94,279
₹ 27,71,195

Monthly EMI

₹ 39,126

₹ 42,290

₹ 29,694

₹ 32,990

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

Car Loan EMI Structure of Tata Safari XT Plus

Model Name

Tata Safari XT Plus

Price

₹ 18.85 Lakh* (Ex-Showroom)

Loan Amount

₹ 20,83,717

Downpayment

₹ 2,31,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 3,62,502
₹ 5,60,366
₹ 5,15,413
₹ 8,03,970
Total Amount Payable
₹ 24,46,219
₹ 26,44,083
₹ 25,99,130
₹ 28,87,687

Monthly EMI

₹ 40,770

₹ 44,068

₹ 30,942

₹ 34,377

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

Car Loan EMI Structure of Tata Safari XZ

Model Name

Tata Safari XZ

Price

₹ 19.80 Lakh* (Ex-Showroom)

Loan Amount

₹ 21,82,227

Downpayment

₹ 2,43,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 3,79,640
₹ 5,86,858
₹ 5,39,780
₹ 8,41,978
Total Amount Payable
₹ 25,61,867
₹ 27,69,085
₹ 27,22,007
₹ 30,24,205

Monthly EMI

₹ 42,698

₹ 46,151

₹ 32,405

₹ 36,002

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

Car Loan EMI Structure of Tata Safari XTA Plus

Model Name

Tata Safari XTA Plus

Price

₹ 20.15 Lakh* (Ex-Showroom)

Loan Amount

₹ 22,23,440

Downpayment

₹ 2,47,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 3,86,809
₹ 5,97,941
₹ 5,49,974
₹ 8,57,880
Total Amount Payable
₹ 26,10,249
₹ 28,21,381
₹ 27,73,414
₹ 30,81,320

Monthly EMI

₹ 43,504

₹ 47,023

₹ 33,017

₹ 36,682

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

Car Loan EMI Structure of Tata Safari XZ Plus 6 Str

Model Name

Tata Safari XZ Plus 6 Str

Price

₹ 20.49 Lakh* (Ex-Showroom)

Loan Amount

₹ 22,54,490

Downpayment

₹ 2,51,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 3,92,211
₹ 6,06,291
₹ 5,57,654
₹ 8,69,860
Total Amount Payable
₹ 26,46,701
₹ 28,60,781
₹ 28,12,144
₹ 31,24,350

Monthly EMI

₹ 44,112

₹ 47,680

₹ 33,478

₹ 37,195

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

Car Loan EMI Structure of Tata Safari XZ Plus

Model Name

Tata Safari XZ Plus

Price

₹ 20.64 Lakh* (Ex-Showroom)

Loan Amount

₹ 22,70,939

Downpayment

₹ 2,52,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 3,95,073
₹ 6,10,715
₹ 5,61,723
₹ 8,76,206
Total Amount Payable
₹ 26,66,012
₹ 28,81,654
₹ 28,32,662
₹ 31,47,145

Monthly EMI

₹ 44,434

₹ 48,028

₹ 33,722

₹ 37,466

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

Car Loan EMI Structure of Tata Safari XZ Plus 6 Str Adventure Edition

Model Name

Tata Safari XZ Plus 6 Str Adventure Edition

Price

₹ 20.70 Lakh* (Ex-Showroom)

Loan Amount

₹ 22,81,419

Downpayment

₹ 2,53,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 3,96,896
₹ 6,13,533
₹ 5,64,315
₹ 8,80,250
Total Amount Payable
₹ 26,78,315
₹ 28,94,952
₹ 28,45,734
₹ 31,61,669

Monthly EMI

₹ 44,639

₹ 48,249

₹ 33,878

₹ 37,639

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

Car Loan EMI Structure of Tata Safari XZ Plus Adventure Edition

Model Name

Tata Safari XZ Plus Adventure Edition

Price

₹ 20.85 Lakh* (Ex-Showroom)

Loan Amount

₹ 22,96,868

Downpayment

₹ 2,55,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 3,99,584
₹ 6,17,688
₹ 5,68,136
₹ 8,86,211
Total Amount Payable
₹ 26,96,452
₹ 29,14,556
₹ 28,65,004
₹ 31,83,079

Monthly EMI

₹ 44,941

₹ 48,576

₹ 34,107

₹ 37,894

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

Car Loan EMI Structure of Tata Safari XZA AT

Model Name

Tata Safari XZA AT

Price

₹ 21.10 Lakh* (Ex-Showroom)

Loan Amount

₹ 23,22,948

Downpayment

₹ 2,58,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 4,04,121
₹ 6,24,702
₹ 5,74,587
₹ 8,96,273
Total Amount Payable
₹ 27,27,069
₹ 29,47,650
₹ 28,97,535
₹ 32,19,221

Monthly EMI

₹ 45,451

₹ 49,127

₹ 34,494

₹ 38,324

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

Car Loan EMI Structure of Tata Safari XZA Plus 6 Str AT

Model Name

Tata Safari XZA Plus 6 Str AT

Price

₹ 21.79 Lakh* (Ex-Showroom)

Loan Amount

₹ 23,95,213

Downpayment

₹ 2,66,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 4,16,693
₹ 6,44,136
₹ 5,92,462
₹ 9,24,155
Total Amount Payable
₹ 28,11,906
₹ 30,39,349
₹ 29,87,675
₹ 33,19,368

Monthly EMI

₹ 46,865

₹ 50,656

₹ 35,568

₹ 39,516

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

Car Loan EMI Structure of Tata Safari XZ Plus Gold

Model Name

Tata Safari XZ Plus Gold

Price

₹ 21.89 Lakh* (Ex-Showroom)

Loan Amount

₹ 24,05,846

Downpayment

₹ 2,67,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 4,18,542
₹ 6,46,995
₹ 5,95,092
₹ 9,28,258
Total Amount Payable
₹ 28,24,388
₹ 30,52,841
₹ 30,00,938
₹ 33,34,104

Monthly EMI

₹ 47,073

₹ 50,881

₹ 35,725

₹ 39,692

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

Car Loan EMI Structure of Tata Safari XZ Plus Gold 6 Str

Model Name

Tata Safari XZ Plus Gold 6 Str

Price

₹ 21.89 Lakh* (Ex-Showroom)

Loan Amount

₹ 24,05,846

Downpayment

₹ 2,67,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 4,18,542
₹ 6,46,995
₹ 5,95,092
₹ 9,28,258
Total Amount Payable
₹ 28,24,388
₹ 30,52,841
₹ 30,00,938
₹ 33,34,104

Monthly EMI

₹ 47,073

₹ 50,881

₹ 35,725

₹ 39,692

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

Car Loan EMI Structure of Tata Safari XZA Plus AT

Model Name

Tata Safari XZA Plus AT

Price

₹ 21.94 Lakh* (Ex-Showroom)

Loan Amount

₹ 24,10,662

Downpayment

₹ 2,68,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 4,19,380
₹ 6,48,290
₹ 5,96,284
₹ 9,30,116
Total Amount Payable
₹ 28,30,042
₹ 30,58,952
₹ 30,06,946
₹ 33,40,778

Monthly EMI

₹ 47,167

₹ 50,983

₹ 35,797

₹ 39,771

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

Car Loan EMI Structure of Tata Safari XZA Plus 6Str Adventure Edition AT

Model Name

Tata Safari XZA Plus 6Str Adventure Edition AT

Price

₹ 22.00 Lakh* (Ex-Showroom)

Loan Amount

₹ 24,16,642

Downpayment

₹ 2,69,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 4,20,421
₹ 6,49,898
₹ 5,97,763
₹ 9,32,423
Total Amount Payable
₹ 28,37,063
₹ 30,66,540
₹ 30,14,405
₹ 33,49,065

Monthly EMI

₹ 47,284

₹ 51,109

₹ 35,886

₹ 39,870

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

Car Loan EMI Structure of Tata Safari XZA Plus Adventure Edition AT

Model Name

Tata Safari XZA Plus Adventure Edition AT

Price

₹ 22.15 Lakh* (Ex-Showroom)

Loan Amount

₹ 24,33,090

Downpayment

₹ 2,70,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 4,23,282
₹ 6,54,322
₹ 6,01,831
₹ 9,38,770
Total Amount Payable
₹ 28,56,372
₹ 30,87,412
₹ 30,34,921
₹ 33,71,860

Monthly EMI

₹ 47,606

₹ 51,457

₹ 36,130

₹ 40,141

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

Car Loan EMI Structure of Tata Safari XZA Plus Gold 6 Str AT

Model Name

Tata Safari XZA Plus Gold 6 Str AT

Price

₹ 23.19 Lakh* (Ex-Showroom)

Loan Amount

₹ 25,42,067

Downpayment

₹ 2,82,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 4,42,241
₹ 6,83,628
₹ 6,28,787
₹ 9,80,817
Total Amount Payable
₹ 29,84,308
₹ 32,25,695
₹ 31,70,854
₹ 35,22,884

Monthly EMI

₹ 49,738

₹ 53,762

₹ 37,748

₹ 41,939

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

Car Loan EMI Structure of Tata Safari XZA Plus Gold AT

Model Name

Tata Safari XZA Plus Gold AT

Price

₹ 23.19 Lakh* (Ex-Showroom)

Loan Amount

₹ 25,42,068

Downpayment

₹ 2,82,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 4,42,241
₹ 6,83,629
₹ 6,28,787
₹ 9,80,817
Total Amount Payable
₹ 29,84,309
₹ 32,25,697
₹ 31,70,855
₹ 35,22,885

Monthly EMI

₹ 49,738

₹ 53,762

₹ 37,748

₹ 41,939

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

About Tata Safari 2021

The Tata Safari is available in nine variants - XE, XM, XMA, XT, XT Plus, XZ, XZ Plus, XZA and XZA Plus. Tata has reintroduced its iconic Safari moniker with a fully new SUV.Tata Safari is based on Land Rover's D8 platform, which Tata has dubbed OMEGARC. It is built on the same basis as the Harrier SUV.

This Tata Safari has a wheelbase of 4,661mm and a length of 4,661mm. It is powered by a 2.0-litre four-cylinder turbocharged diesel engine that generates 168 horsepower and 350 Nm of torque, and it comes with a six-speed manual or torque converter automatic gearbox.

The HID Xenon projector headlamps with DRLs have been installed on the Safari. Dual-LED stripe tail lights are also included. Most top-spec Safari versions come equipped with 18-inch alloy wheels. Tata has installed an 8.8-inch touchscreen entertainment system in the interior that supports Apple CarPlay and Android Auto. Tata Safari also comes with iRA linked vehicle technology enabling smartphone communication from afar. A chilled glovebox, a seven-inch TFT colour display in the instrument cluster, a nine-speaker JBL sound system (Only for certain variants), and ambient lighting are also included in the SUV. Six airbags, hill hold control, rollover mitigation, corner stability control, four disc brakes, cruise control, auto dimming rear-view mirror, auto headlights and wipers, and a panoramic sunroof are among the amenities offered by Tata.

Royal Blue, Tropical Mist, Daytona Grey, Orcus White, and Tropical Mist Adventure are the five colour possibilities. The Tata Safari's interior is available in two colours: black and white. The seats are upholstered in Oyster White leather from Tata. Depending on the type, this SUV may be configured with six or seven seats. There's also an Adventure version with a black grille, roof rails, and alloy wheels. The Tata Safari competes with the Hyundai Alcazar, MG Hector Plus, and future variants of the Mahindra XUV700 that will be available with a seven-seat configuration.

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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