Vehicle Finance Calculator
Calculate your EMI and find the best financing options for your new vehicle
Standard EMI: Monthly payment of ₹22,103 for 5 years
Fixed monthly payments and consistent cash flows.
Understanding Loan Payment Types
Standard EMI
A standard EMI consists of equal monthly payments throughout the loan term. Each payment includes a portion of the principal and interest, with earlier payments having a higher interest component.
Balloon Payment
With a balloon payment structure, you make smaller monthly payments throughout the loan term, with a larger final payment (balloon payment) at the end. This option can reduce your monthly financial burden.
Bullet Payment
In a bullet payment structure, you only pay the interest each month, with the entire principal amount due at the end of the loan term. This option provides the lowest monthly payments but requires significant funds at maturity.
Instant Loan
Instant loans offer quick approval and disbursement but typically come with a higher interest rate. The EMI structure is similar to a standard loan, but the overall interest cost will be higher.