Loan Against Car EMI Calculator

Plan your loan against car instalments wisely.

What is a Loan Against Car EMI Calculator

A loan against car EMI calculator is a perfect tool that can be used to calculate your EMIs. This tool helps in eliminating lengthy calculations and evaluate your EMIs instantly. Applicants can check their EMIs payable by entering a few basic details such as the loan amount, tenure and loan against car interest rate. The loan against car EMI calculator will show the total interest payable and EMIs for the loan tenure. You can find the most affordable loan against car EMIs to you by doing these calculations in advance.


Results generated by the calculator(s) are indicative in nature. The interest rate applied on the loan will depend on the prevailing rates at the time of loan booking.

The calculator(s) are not intended to provide its users/ customers with results that are either certified by Bajaj Finance Limited (“BFL”) or are an obligation, assurance, warranty, undertaking or commitment, financial and professional advice by BFL, under any circumstances. The calculator(s) is only a tool that assists the users/ customers arrive at results of various illustrative scenarios generated from data input by the user/ customer. The use of the calculator is entirely at the risk of the user/ customer, BFL is not responsible for any reason, for any errors in any outcome resulting from the use of the calculator.

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Frequently asked questions

How does a loan against car EMI calculator work?

A loan against car EMI calculator helps you to estimate your equated monthly instalments (EMIs) for a loan secured against your car. You can enter the preferred loan amount, type of variant, interest rate, and tenure. Once you enter details, the loan against car calculator computes the monthly EMI amount. It simplifies financial planning by allowing you to assess your repayment capacity and make informed decisions while applying for a loan against car.

What are the benefits of using the Bajaj Finserv Loan Against Car EMI Calculator?

The benefits of the Bajaj Finserv Loan Against Car EMI calculator are as follows:

  1. Financial planning: The loan against car EMI calculator assists in budgeting by providing clear insights into monthly repayment amounts, enabling you to manage your finances effectively.
  2. Comparative analysis: It allows you to compare various loan options, interest rates, and tenures, helping you to choose the most cost-effective loan against car.
  3. Time efficiency: Using the calculator saves time by instantly calculating EMIs. It helps in eliminating the need for manual calculations, and expediting the decision-making process when seeking loans secured against your car.
What is the tenure of a loan against car?

The tenure of a loan against car depends on the lender's policies and the borrower's preferences. If you choose a loan against car offered by Bajaj Finance, you will get an option to choose from a tenure of 12 to 72 months.

What are the factors that affect your loan against car EMI?

Here are four factors that affect loan against car EMIs:

  1. Loan amount: The principal amount borrowed for the loan against the car directly impacts the EMI. Higher loan amounts result in higher EMIs.
  2. Interest rate: The rate at which the lender charges interest significantly affects EMI. Lower interest rates lead to more affordable EMIs.
  3. Tenure: The loan repayment period, or tenure, selected by you can either increase or decrease the EMI amount. Longer tenures typically result in lower EMIs but higher overall interest costs, while shorter tenures lead to higher EMIs but lower interest expenses.
  4. Loan variant: Bajaj Finance offers loan against car in three unique variants – Term Loan, Flexi Term Loan and Flexi Hybrid Loan. With our Flexi Hybrid variant, you have the option to pay interest-only EMIs for the initial part of tenure.
How to use a loan against car EMI calculator?

Using a loan against car EMI calculator is straightforward. Input the loan amount, interest rate, and preferred tenure. The loan against car calculator will instantly provide the EMI amount. This helps borrowers make informed decisions, plan their finances, and compare various loan options when seeking loans secured against their vehicles.

How do I apply for a loan against car?

Applying for a Bajaj Finserv Loan Against Car is a hassle-free procedure. Visit the loan against car page and simply click the 'Apply' button to access the online application form. After providing your basic details, a representative will contact you to assist with the subsequent steps. Share the necessary loan against car documents with the representative. Once your documents are reviewed and authorised, the loan amount will be transferred to your account.

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