What will this car cost you each month?
Move the sliders and the EMI, total interest and year-by-year split update straight away. The maths is the standard reducing-balance formula banks use; your final rate depends on your credit score and lender.
Your monthly EMI
₹10,778
for 60 months on a loan of ₹5,19,200
- Loan
- ₹5,19,200
- Total interest
- ₹1,27,463
- Total you repay
- ₹6,46,663
PrincipalInterestInterest is 20% of what you repay
Each column is one year of EMIs. Early years go mostly to interest; later years mostly clear the loan.
Who lends, and at what rate
Our finance desk sends one application to several lenders and shows you each offer side by side. You choose; we do the paperwork.
In-principle approval usually comes back within about 2 hours once your documents are complete Illustrative
No charge from us for arranging the loan. Lenders may charge their own processing fee, shown in each offer.
| Lender type | From | Longest tenure |
|---|---|---|
| Public-sector bankLowest rates, slower paperwork | 8.75% | 84 months |
| Private bankQuick approval for salaried buyers | 9.10% | 84 months |
| Carmaker's finance armFestive offers on selected models | 8.99% | 60 months |
| NBFCFlexible for self-employed and first-time borrowers | 10.50% | 72 months |
If you are salaried
- PAN and Aadhaar
- Last 3 salary slips
- 6 months of bank statements
If you run a business
- PAN and Aadhaar
- ITR for the last 2 years
- GST returns and 6 months of bank statements