- CarDekho Experts
- on 25 Mar 2019
If you are planning to buy a new car on finance, then generally, 20 to 25 percent down payment is required on the ex-showroom price of a car. However, exact confirmation regarding EMI, down payment, interest, loan period and its procedure will be discussed by the bank only, as it depends upon an individual eligibility.It is very easy to calculate the EMI for your car loan. You will get EMI as soon as you enter the required loan amount and the interest rate. Installment in EMI calculator is calculated on reducing balance. As per the rules of financing institutions, processing fee or possible charges may be applicable which are not shown in the EMI we calculate. Here's the link: click here
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