Car Loan Calculator
Calculate Car Loan EMI
Getting a car is still a dream for many, and a car loan will help you fulfil your dream. The prices of new cars might keep your dreams in the back seat. But not anymore; with the growing market of cars, many banks and NBFCs provide car loans to prospective buyers. This way, it is more affordable for new car owners to get the desired car they want under their budget.
Car Loan EMI Calculator
Loan Amount
₹
Interest Rate
%
Loan Tenure
EMI Scheme
Loan EMI
₹ 8,202
Total Interest
₹ 92,108
Total Payment
₹ 4,92,108
Break-up of Payment
Principal
Interest
Documents Required for New Car Loan
You can apply for a new car loan with the following documents. Check out the list of documents below –
- Two passport-size photos of both the primary borrower and co-borrower
- Identity Proof – Voters ID, Driving License, Passport, PAN Card, Aadhaar Card
- Address Proof – Driving License, Aadhaar Card, Passport, Voters ID
- Age Proof – Birth Certificate, Driving License, SSLC/AISSE Certificate
- Additional documents for Non-Resident Indians – Certified copy of Passport, Visa, Work Permit, ID card
See the income proof you will need to apply for a Car Loan.
Salaried
- Latest Salary Slip (3 months)
- IT returns (2 years) or Form 16 (2 years)
- Latest six-month’s Bank Account statement evidencing the salary credits
For Self Employed
- Proof of Business Existence & Business Profile
- Last 12 months’ bank a/c statements
- IT returns for two years supported by Balance Sheet and Profit and Loss Account for the past two years. Where ever available, Tax paid challans may also be collected OR the Last two years IT returns supported by Tax calculation sheets & Tax paid challans.
For NRI Salaried
- NRE account statement for last year
- Embassy / CRO certified Salary Certificate/ latest three months salary slip supported by six months Salary Crediting Statement.
- Two years NRE a/c statement of the customer and/or resident accounts of spouse/parents (with us/ other Bank) in which remittance is made.
For NRI Self-employed
- Proof of Business Existence & Business Profile
- Last 12 months’ bank a/c statements
- Balance Sheet, P&L Account for the past two years. Where ever available, Tax paid challans may also be collected.
- Two years NRE a/c statement of the customer and/or resident accounts of spouse/parents in which remittance is made.
- Invoice
- Latest land tax receipt or own house proof (latest land/building tax receipt, Electricity Bill, Water bill etc.)
- Sale Letter & Valuation letter from authorized used car dealer /dealer in case of Used Car
- Property Documents (In case of loans over 25 Lakhs)
- 1. Documents of title 2. EC for 13 years 3. Possession certificate 4. Location sketch 5. Land tax receipt 6. Building tax receipt
