Car Loan EMI Calculator
Loan Amount
₹ 10,000
₹ 2,500,000
Duration of Loan
3 Months
84 Months
Interest Rate*(P.A.)
2 %
30 %
Looking for Best Car Loan?
Reliable Car Loan EMI Calculator By Yelow
India ranks as the world's fourth-largest market for four-wheelers, experiencing a steady growth rate of 9.5% year-on-year. With such burgeoning demand, the need for a trustworthy and user-friendly car loan EMI calculator has soared.
At Yelow, we recognize the importance of simplicity and accuracy. Our EMI calculator stands out for its intuitive interface and reliable calculations, ensuring a seamless user experience. Whether you're planning to purchase a four-wheeler or a two-wheeler, our calculator caters to all your needs.
Make your car buying journey hassle-free with Yelow's vehicle EMI calculator. Plan your budget confidently, knowing your EMIs in advance. Experience the convenience of making informed financial decisions at your fingertips.
Apply for a loan through Yelow's trusted lending partners and embark on your journey towards owning your dream car with confidence!
How EMI is Calculated
The calculation of Equated Monthly Instalments (EMIs) is a crucial aspect in determining the financial feasibility of taking out a car loan.
The EMI amount is computed using the formula:
EMI = [P x R x (1+R) ^N]/ [(1+R) ^ (N-1)]
where:
- E: Monthly instalment
- P: Principal loan amount
- r: Monthly interest rate (annual interest rate divided by 12)
- n: Loan tenure in months
This formula encapsulates the essential elements of loan repayment, accounting for both the principal amount and the accrued interest over the loan tenure.
By employing this formula, borrowers can ascertain their monthly repayment obligations with precision, aiding in financial planning and budget management.
The advantage of this formula lies in its ability to provide borrowers with a clear and structured understanding of their repayment schedule, facilitating informed decision-making and ensuring financial discipline throughout the loan tenure.
Ready to drive your dream car?
Look no further than Yelow for hassle-free car loan solution.
Our seamless application process, coupled with competitive interest rates and flexible repayment options, ensures a smooth and stress-free experience.
Apply for a car loan with Yelow today and take the first step towards turning your dream ride into a reality.
Digital lending
Paper-less, digital, hassle-free process including features such as video KYC, digital agreement, etc.
Multiple loan offers
Multiple finance providing multiple offers leading to a range of options for the customer
Attractive car loan interest rates
Comparable EMIs with multiple offers
