New Car Finance EMI Calculator

Plan your new car finance instalments with ease.

New Car Finance EMI Calculator

New Car Finance EMI Calculator is an ideal tool for instantly calculating your EMIs before you apply for the loan. With a few straightforward inputs, such as the loan amount, tenure, and interest rate, you can determine your monthly payments. Additionally, the calculator shows the total interest payable and the EMIs for the loan tenure, allowing you to plan and identify the most affordable new car finance EMIs 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.

Frequently asked questions

How to calculate new car finance EMIs?

You can accurately estimate your EMIs with the use of a New Car Finance EMI Calculator. To determine the exact EMI due on your new car finance, all you need to do is choose the loan amount, rate of interest, and tenure.

Learn more about our new car finance

What are the factors that affect new car finance EMIs?

Your new car finance EMIs depend on the following factors:

  • Loan amount: The monthly payments you make are directly linked to the amount of the loan. As the loan amount increases, so do your monthly instalments.
  • Rate of interest: The interest rate represents the percentage that lenders apply to the borrowed sum as interest. A greater interest rate leads to higher EMIs, while a lower interest rate results in lower EMIs.
  • Tenure: The loan tenure refers to the duration for repaying the borrowed amount and is inversely connected to EMIs. A longer tenure decreases the monthly instalments, whereas a shorter tenure means higher EMIs.
How is the new car finance interest calculated?

To determine the potential EMI amount for the required loan, you can use our New Car Finance EMI Calculator. The interest rate for a new car finance is determined by your lender, taking into account factors such as loan amount, tenure, and credit history. After obtaining the interest rate for the desired loan amount and tenure, you can utilise the New Car Finance EMI Calculator to compute your monthly instalments. This tool helps in EMI planning and ensuring timely repayments.

How to reduce your new car finance EMIs?

Here are a few easy steps that can help you reduce EMIs for new car finance:

  • Opt for a longer repayment tenure to spread the loan cost and lower your monthly instalments.
  • Maintain a good CIBIL Score to benefit from reduced interest rates and lower EMIs.
How is the interest rate determined for new car finance?

The interest rate on new car loan finance depends on a number of things, such as your credit score, the length of the loan, the amount you borrow, and the market rates at the time.

Generally, borrowers with higher credit scores and a history of responsible credit behaviour are likely to get better interest rates. Bajaj Finance offers new car finance at interest rates starting 7.50% to 14%.

Read about interest rates applicable on new car finance

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