Know your exact monthly EMI, total interest and true cost of buying a car with any down payment and loan tenure.
A car loan (auto loan) is a secured loan where the car itself serves as collateral. Banks and NBFCs offer up to 85–90% financing of on-road price. Your EMI depends on loan amount, interest rate, and tenure.
The sticker price is just the beginning. Add: Registration and RTO charges (9–18% of ex-showroom depending on state), insurance (1–3% p.a.), fuel (₹5–8/km for petrol), maintenance (₹15,000–30,000/year), and depreciation (15% first year, 10–15% subsequent years under Income Tax rules).