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- USED CAR LOAN EMI CALCULATOR
Used car loan EMI calculator
Calculate your
monthly payments
Loan amount₹6,00,000
Interest @12% p.a.+ ₹2,44,560
Total amount₹8,44,560
What isEMI calculator?
Want to buy a pre-owned car but unsure of how it’s going to affect your budget? The CARS24 loan EMI calculator is a convenient, automated tool that simplifies your pre-owned car loan planning. Simply input your loan amount (principal amount) and down payment, select the tenure and interest rate, and discover your monthly loan instalments.
Use the CARS24 EMI calculator and plan your pre-owned car loan instalment with ease!
How to use the EMI calculator?
Choose the amount you plan to borrow for your used car purchase. This is the principal amount you need to finance your vehicle
This is the amount you pay upfront while purchasing the car and it reduces the principal amount of a car loan, lowering monthly payments
Select the loan tenure or the number of months you want to take to repay the loan. The EMI calculator will instantly display your estimated monthly instalment
Provide the applicable interest rate on your used car loan. This rate may vary depending on your credit score and the lender's policies
Why choose CARS24 loans?
Finance it your way!
Customise EMIs with up to zero down payment and up to 6 year loan tenures starting at 12% ROI
Loan offer in minutes
Check your eligibility and get a loan offer within 2 minutes with minimal documentation
Pan India financing
Coverage across all major indian cities with 15,000+ serviceable PIN codes`
Loans for any car
Get a loan for pre-owned cars up to 14 years of age
Eligibility criteria and documents required
Profile
Indian nationals aged between 21-65 years
Documents
Aadhaar/Passport/Voter ID, PAN and bank statement
Employment
Salaried/Self-employed Monthly income > ₹15,000
CIBIL score
Greater than 650 is recommended
Understand our 6-step loan process
Share basic details
Book a car you love
Share bank statement
Customize your EMI
Verify address and KYC
E-sign loan agreement
Check our loan related blogs
Frequently asked questions
Frequently Asked Questions
What is an EMI?
How does an EMI calculator work?
What are the factors that affect the EMI for a used car loan?
- Loan Amount: The more you borrow, the higher your EMI will be.
- Loan Tenure: A longer tenure may result in lower EMIs, but you'll pay more in interest over time.
- Interest Rate: Higher interest rates will increase your monthly payments.
What is the difference between a fixed EMI and a floating EMI?
If you have further questions, please do not hesitate to reach out to us on [email protected]