Car/Bike Loan Calculator
Loan Details
Monthly EMI:
Total Interest:
Principal Amount:
Total Amount:
The Average interest rate in Car Loans ranges from 8.5% to 12% per annum & Bike Loans generally falls between 9% to 15% per annum.
- Influencing factors: Loan amount, tenure, car/bike model, down payment, and your credit score.
Key Points to Remember
- Interest rates can vary significantly between lenders.
- Lower interest rates are often offered to customers with good credit scores.
- Additional charges like processing fees, documentation charges, and GST may apply.
- Opt for a fixed interest rate for stability or a floating rate for potential benefits from interest rate reductions.
To get the most accurate and up-to-date information, it’s recommended to compare offers from multiple lenders.