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Toyota Innova Crysta Car Loan EMI Calculator

Best Toyota Innova Crysta Car Loan EMI Calculator With Downpayment - Check out the Cheapest Toyota Innova Crysta 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 Toyota 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.

Toyota Innova Crysta

The EMI for a Toyota Innova Crysta starts at ₹ 58,547 per month for a 60-month term at 9.8 percent for a loan amount of ₹ 24.99 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 Innova Crysta.

Toyota Innova Crysta Down Payment and EMI

Toyota Innova Crysta VARIANTS
LOAN @ RATE%
DOWN PAYMENT
EMI AMOUNT (60 MONTHS)
EMI AMOUNT (84 MONTHS)
Toyota Innova Crysta 2.7 GX 7 STR
9.8%
₹ 2,09,000
₹ 39,799
₹ 31,047
Toyota Innova Crysta 2.7 GX 8 STR
9.8%
₹ 2,10,000
₹ 39,906
₹ 31,131
Toyota Innova Crysta 2.4 G 7 STR
9.8%
₹ 2,16,000
₹ 41,042
₹ 32,016
Toyota Innova Crysta 2.4 G 8 STR
9.8%
₹ 2,16,000
₹ 41,166
₹ 32,114
Toyota Innova Crysta 2.7 GX 7 STR AT
9.8%
₹ 2,25,000
₹ 42,794
₹ 33,383
Toyota Innova Crysta 2.7 GX 8 STR AT
9.8%
₹ 2,25,000
₹ 42,922
₹ 33,483
Toyota Innova Crysta 2.4 G Plus 7 STR
9.8%
₹ 2,35,000
₹ 44,748
₹ 34,907
Toyota Innova Crysta 2.4 G Plus 8 STR
9.8%
₹ 2,36,000
₹ 44,859
₹ 34,994
Toyota Innova Crysta 2.4 GX 7 STR
9.8%
₹ 2,36,000
₹ 45,026
₹ 35,124
Toyota Innova Crysta 2.4 GX 8 STR
9.8%
₹ 2,37,000
₹ 45,137
₹ 35,211
Toyota Innova Crysta 2.7 VX 7 STR
9.8%
₹ 2,44,000
₹ 46,512
₹ 36,284
Toyota Innova Crysta 2.4 GX 7 STR AT
9.8%
₹ 2,52,000
₹ 48,040
₹ 37,476
Toyota Innova Crysta 2.4 GX 8 STR AT
9.8%
₹ 2,53,000
₹ 48,151
₹ 37,563
Toyota Innova Crysta 2.4 VX 7 STR
9.8%
₹ 2,74,000
₹ 52,099
₹ 40,642
Toyota Innova Crysta 2.4 VX 8 STR
9.8%
₹ 2,74,000
₹ 52,231
₹ 40,745
Toyota Innova Crysta 2.7 ZX 7 STR AT
9.8%
₹ 2,77,000
₹ 52,819
₹ 41,204
Toyota Innova Crysta 2.4 ZX 7 STR
9.8%
₹ 2,93,000
₹ 55,785
₹ 43,517
Toyota Innova Crysta 2.4 ZX 7 STR AT
9.8%
₹ 3,08,000
₹ 58,547
₹ 45,672

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 Toyota Innova Crysta 2.7 GX 7 STR

Model Name

Toyota Innova Crysta 2.7 GX 7 STR

Price

₹ 17.18 Lakh* (Ex-Showroom)

Loan Amount

₹ 18,81,868

Downpayment

₹ 2,09,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 3,27,386
₹ 5,06,084
₹ 4,65,485
₹ 7,26,089
Total Amount Payable
₹ 22,09,254
₹ 23,87,952
₹ 23,47,353
₹ 26,07,957

Monthly EMI

₹ 36,821

₹ 39,799

₹ 27,945

₹ 31,047

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

Car Loan EMI Structure of Toyota Innova Crysta 2.7 GX 8 STR

Model Name

Toyota Innova Crysta 2.7 GX 8 STR

Price

₹ 17.23 Lakh* (Ex-Showroom)

Loan Amount

₹ 18,86,939

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
₹ 3,28,269
₹ 5,07,447
₹ 4,66,739
₹ 7,28,046
Total Amount Payable
₹ 22,15,208
₹ 23,94,386
₹ 23,53,678
₹ 26,14,985

Monthly EMI

₹ 36,920

₹ 39,906

₹ 28,020

₹ 31,131

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

Car Loan EMI Structure of Toyota Innova Crysta 2.4 G 7 STR

Model Name

Toyota Innova Crysta 2.4 G 7 STR

Price

₹ 18.06 Lakh* (Ex-Showroom)

Loan Amount

₹ 19,40,614

Downpayment

₹ 2,16,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 3,37,606
₹ 5,21,882
₹ 4,80,016
₹ 7,48,756
Total Amount Payable
₹ 22,78,220
₹ 24,62,496
₹ 24,20,630
₹ 26,89,370

Monthly EMI

₹ 37,970

₹ 41,042

₹ 28,817

₹ 32,016

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

Car Loan EMI Structure of Toyota Innova Crysta 2.4 G 8 STR

Model Name

Toyota Innova Crysta 2.4 G 8 STR

Price

₹ 18.11 Lakh* (Ex-Showroom)

Loan Amount

₹ 19,46,507

Downpayment

₹ 2,16,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 3,38,632
₹ 5,23,467
₹ 4,81,474
₹ 7,51,029
Total Amount Payable
₹ 22,85,139
₹ 24,69,974
₹ 24,27,981
₹ 26,97,536

Monthly EMI

₹ 38,086

₹ 41,166

₹ 28,905

₹ 32,114

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

Car Loan EMI Structure of Toyota Innova Crysta 2.7 GX 7 STR AT

Model Name

Toyota Innova Crysta 2.7 GX 7 STR AT

Price

₹ 18.54 Lakh* (Ex-Showroom)

Loan Amount

₹ 20,23,451

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
₹ 3,52,018
₹ 5,44,159
₹ 5,00,506
₹ 7,80,717
Total Amount Payable
₹ 23,75,469
₹ 25,67,610
₹ 25,23,957
₹ 28,04,168

Monthly EMI

₹ 39,591

₹ 42,794

₹ 30,047

₹ 33,383

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

Car Loan EMI Structure of Toyota Innova Crysta 2.7 GX 8 STR AT

Model Name

Toyota Innova Crysta 2.7 GX 8 STR AT

Price

₹ 18.59 Lakh* (Ex-Showroom)

Loan Amount

₹ 20,29,527

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
₹ 3,53,075
₹ 5,45,793
₹ 5,02,009
₹ 7,83,061
Total Amount Payable
₹ 23,82,602
₹ 25,75,320
₹ 25,31,536
₹ 28,12,588

Monthly EMI

₹ 39,710

₹ 42,922

₹ 30,137

₹ 33,483

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

Car Loan EMI Structure of Toyota Innova Crysta 2.4 G Plus 7 STR

Model Name

Toyota Innova Crysta 2.4 G Plus 7 STR

Price

₹ 18.87 Lakh (Ex-Showroom)

Loan Amount

₹ 21,15,849

Downpayment

₹ 2,35,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 3,68,092
₹ 5,69,007
₹ 5,23,361
₹ 8,16,367
Total Amount Payable
₹ 24,83,941
₹ 26,84,856
₹ 26,39,210
₹ 29,32,216

Monthly EMI

₹ 41,399

₹ 44,748

₹ 31,419

₹ 34,907

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

Car Loan EMI Structure of Toyota Innova Crysta 2.4 G Plus 8 STR

Model Name

Toyota Innova Crysta 2.4 G Plus 8 STR

Price

₹ 18.92 Lakh* (Ex-Showroom)

Loan Amount

₹ 21,21,095

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
₹ 3,69,005
₹ 5,70,418
₹ 5,24,658
₹ 8,18,391
Total Amount Payable
₹ 24,90,100
₹ 26,91,513
₹ 26,45,753
₹ 29,39,486

Monthly EMI

₹ 41,502

₹ 44,859

₹ 31,497

₹ 34,994

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

Car Loan EMI Structure of Toyota Innova Crysta 2.4 GX 7 STR

Model Name

Toyota Innova Crysta 2.4 GX 7 STR

Price

₹ 18.99 Lakh* (Ex-Showroom)

Loan Amount

₹ 21,28,992

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
₹ 3,70,378
₹ 5,72,542
₹ 5,26,612
₹ 8,21,438
Total Amount Payable
₹ 24,99,370
₹ 27,01,534
₹ 26,55,604
₹ 29,50,430

Monthly EMI

₹ 41,656

₹ 45,026

₹ 31,614

₹ 35,124

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

Car Loan EMI Structure of Toyota Innova Crysta 2.4 GX 8 STR

Model Name

Toyota Innova Crysta 2.4 GX 8 STR

Price

₹ 19.04 Lakh* (Ex-Showroom)

Loan Amount

₹ 21,34,239

Downpayment

₹ 2,37,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 3,71,291
₹ 5,73,953
₹ 5,27,910
₹ 8,23,463
Total Amount Payable
₹ 25,05,530
₹ 27,08,192
₹ 26,62,149
₹ 29,57,702

Monthly EMI

₹ 41,759

₹ 45,137

₹ 31,692

₹ 35,211

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

Car Loan EMI Structure of Toyota Innova Crysta 2.7 VX 7 STR

Model Name

Toyota Innova Crysta 2.7 VX 7 STR

Price

₹ 20.26 Lakh* (Ex-Showroom)

Loan Amount

₹ 21,99,288

Downpayment

₹ 2,44,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 3,82,608
₹ 5,91,446
₹ 5,44,000
₹ 8,48,561
Total Amount Payable
₹ 25,81,896
₹ 27,90,734
₹ 27,43,288
₹ 30,47,849

Monthly EMI

₹ 43,032

₹ 46,512

₹ 32,658

₹ 36,284

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

Car Loan EMI Structure of Toyota Innova Crysta 2.4 GX 7 STR AT

Model Name

Toyota Innova Crysta 2.4 GX 7 STR AT

Price

₹ 20.30 Lakh* (Ex-Showroom)

Loan Amount

₹ 22,71,542

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
₹ 3,95,178
₹ 6,10,877
₹ 5,61,872
₹ 8,76,439
Total Amount Payable
₹ 26,66,720
₹ 28,82,419
₹ 28,33,414
₹ 31,47,981

Monthly EMI

₹ 44,445

₹ 48,040

₹ 33,731

₹ 37,476

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

Car Loan EMI Structure of Toyota Innova Crysta 2.4 GX 8 STR AT

Model Name

Toyota Innova Crysta 2.4 GX 8 STR AT

Price

₹ 20.35 Lakh* (Ex-Showroom)

Loan Amount

₹ 22,76,789

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
₹ 3,96,090
₹ 6,12,288
₹ 5,63,170
₹ 8,78,463
Total Amount Payable
₹ 26,72,879
₹ 28,89,077
₹ 28,39,959
₹ 31,55,252

Monthly EMI

₹ 44,548

₹ 48,151

₹ 33,809

₹ 37,563

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

Car Loan EMI Structure of Toyota Innova Crysta 2.4 VX 7 STR

Model Name

Toyota Innova Crysta 2.4 VX 7 STR

Price

₹ 22.15 Lakh* (Ex-Showroom)

Loan Amount

₹ 24,63,436

Downpayment

₹ 2,74,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 4,28,561
₹ 6,62,483
₹ 6,09,337
₹ 9,50,478
Total Amount Payable
₹ 28,91,997
₹ 31,25,919
₹ 30,72,773
₹ 34,13,914

Monthly EMI

₹ 48,200

₹ 52,099

₹ 36,581

₹ 40,642

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

Car Loan EMI Structure of Toyota Innova Crysta 2.4 VX 8 STR

Model Name

Toyota Innova Crysta 2.4 VX 8 STR

Price

₹ 22.20 Lakh* (Ex-Showroom)

Loan Amount

₹ 24,69,682

Downpayment

₹ 2,74,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 4,29,648
₹ 6,64,162
₹ 6,10,882
₹ 9,52,888
Total Amount Payable
₹ 28,99,330
₹ 31,33,844
₹ 30,80,564
₹ 34,22,570

Monthly EMI

₹ 48,322

₹ 52,231

₹ 36,673

₹ 40,745

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

Car Loan EMI Structure of Toyota Innova Crysta 2.7 ZX 7 STR AT

Model Name

Toyota Innova Crysta 2.7 ZX 7 STR AT

Price

₹ 23.14 Lakh* (Ex-Showroom)

Loan Amount

₹ 24,97,495

Downpayment

₹ 2,77,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 4,34,486
₹ 6,71,642
₹ 6,17,762
₹ 9,63,619
Total Amount Payable
₹ 29,31,981
₹ 31,69,137
₹ 31,15,257
₹ 34,61,114

Monthly EMI

₹ 48,866

₹ 52,819

₹ 37,086

₹ 41,204

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

Car Loan EMI Structure of Toyota Innova Crysta 2.4 ZX 7 STR

Model Name

Toyota Innova Crysta 2.4 ZX 7 STR

Price

₹ 23.79 Lakh* (Ex-Showroom)

Loan Amount

₹ 26,37,731

Downpayment

₹ 2,93,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 4,58,883
₹ 7,09,355
₹ 6,52,450
₹ 10,17,727
Total Amount Payable
₹ 30,96,614
₹ 33,47,086
₹ 32,90,181
₹ 36,55,458

Monthly EMI

₹ 51,610

₹ 55,785

₹ 39,169

₹ 43,517

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

Car Loan EMI Structure of Toyota Innova Crysta 2.4 ZX 7 STR AT

Model Name

Toyota Innova Crysta 2.4 ZX 7 STR AT

Price

₹ 24.99 Lakh* (Ex-Showroom)

Loan Amount

₹ 27,68,317

Downpayment

₹ 3,08,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 4,81,601
₹ 7,44,473
₹ 6,84,751
₹ 10,68,112
Total Amount Payable
₹ 32,49,918
₹ 35,12,790
₹ 34,53,068
₹ 38,36,429

Monthly EMI

₹ 54,165

₹ 58,547

₹ 41,108

₹ 45,672

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

About Toyota Innova Crysta

The facelifted Toyota Innova Crysta is offered in three trim levels: GX, VX, and ZX. On November 24, 2020, the Toyota Innova Crysta facelift was unveiled in India. A 2.7-litre petrol engine and a 2.4-litre diesel engine are available in the Toyota Innova Crysta. The former generates 164 horsepower and 245 Newton metres of torque, while the latter produces 148 horsepower and 343 Newton metres of torque. A five-speed manual transmission is standard, with a six-speed automatic transmission as an option. The Toyota Innova Crysta has a length of 4,735mm, a width of 1,830mm, and a height of 1,795mm, with a wheelbase of 2,750mm.

A new trapezoidal-shaped grille with five horizontal slats, LED projector headlights, triangular surrounds for the indicator recess, and fog lights on each side of the body-colored skid plate are among the design features of the Toyota Innova Crysta. 17-inch diamond-cut alloy wheels and automatic headlights are also available. The Toyota Innova Crysta has an eight-inch touchscreen infotainment system with Apple CarPlay and Android Auto, automatic climate control, cruise control, blue ambient lighting, an eight-way power-adjustable driver seat, puddle lamps, and a cooled glove box on the inside. Seven airbags, ABS with EBD, HSA, VSC, a speed-alert system, and a seat-belt reminder system are included in the model's safety features.

Sparkling Black Crystal Shine, Garnet Red, Avant-Garde Bronze, White Pearl Crystal Shine, Grey, Silver, and Super White are among the seven colours offered for the Toyota Innova Crysta. The Toyota Innova Crysta is available in two seating configurations: a six-seater and a seven-seater. In India, the Toyota Innova Crysta competes against the Mahindra XUV500, Tata Safari, MG Hector Plus, and Hyundai Alcazar.

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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