Notifications

As per amendment in the Income Tax Rules, PAN or Aadhaar are to be mandatorily quoted for cash deposit or withdrawal aggregating to Rupees twenty lakhs or more in a FY.
Activate your Credit Card within minutes and enjoy unlimited benefits

Know More
One FASTag, three payments:Toll, fuel and parking

The only FASTag with triple benefits

Apply Now

Car Loan EMI Calculator

Calculate how much you may have to pay every month for your car loan with this interactive car loan EMI calculator

Amount

Rs. 1000000

500000 1500000

Period

Months

12 Months 96 Months

Interest Rate

7 % 13 %

Your Monthly EMI will be ₹/- per month

GET INSTANT CAR LOAN

HDFC Bank has been striving to make the Car Loan process accessible and convenient. Whether you are a salaried employee or self-employed, you can get a Car Loan. But what loan amount is suitable for you? What is the interest you will have to pay? Read More

FAQs

What is a Car Loan EMI?

A Car Loan EMI is the amount of money that you need to pay the bank on a fixed date every month until the loan tenure ends. The components of EMI include both principal and interest. By using the Vehicle Loan EMI Calculator, you can ascertain the amount of the principal and interest over the tenure of the loan.

What are the modes of paying car loan EMI?

Paying Car Loan EMIs is convenient at HDFC Bank with multiple repayment modes. These include:

Standing instructions: In case you already have an HDFC Bank Savings Account, Current Account or Salary Account, you can provide a one-time standing instruction to directly debit the EMI amount from your account each month.
National Automated Clearing House (NACH) or Electronic Clearing Service (ECS): You can submit a mandate for NACH or ECS to HDFC Bank. This allows the bank to directly debit the EMI amount from your bank account on your desired date for loan repayment
Post-dated cheques: You have the conventional option of using cheques for the repayment of your loan. You can simply submit the post-dated cheques to HDFC Bank for the entire tenure of the loan with the EMI amount.
Before you select the mode of payment, you should determine the amount of EMI by using the car EMI calculator.

Does the loan tenure affect my Car Loan EMI?

Yes. Your loan tenure directly affects your Car Loan EMI. If you select a longer loan tenure, your EMI amount will be lower. However, your interest costs will be higher. Conversely, if you select a shorter loan tenure, your EMI amount will be higher but it can significantly reduce the interest cost that you will have to bear.

Is the Car Loan EMI fixed or can it change in the future?

No. Your car loan EMI is not fixed. It depends on whether you have opted for a fixed or floating interest rate. In case of a fixed interest rate, your monthly EMI amount remains fixed. However, if you opt for a floating interest rate, then your EMI amount fluctuates depending on the change in interest rate. Also, your EMI amount will decrease if you prepay part of your principal amount. You can use the Car Loan EMI Calculator to determine the exact amount of EMI based on the interest rate.

Car Loan Articles

How to choose the perfect car loan?

You put in a lot of research into buying the car that’s just right for you and your family. But do you end up taking the first loan your dealer offers you? A good auto loan can make car ownership a smooth, enjoyable and hassle-free experience. So, how do you get a good car loan? We have lined up some great car loan tips that will help you make the right choice

How to get a Car Loan in 5 easy steps

Do you already have a car in mind? Or are you still finalizing the brand and model? To search and compare cars, visit HDFC Bank online car bazaar.

How to get a pre-approved car loan

Apply for Car Loan

ACCOUNTS

CARDS

LOAN

DEPOSITS

INVEST