# What is the EMI for 7 lakhs car loan?

## What is the EMI for 7 lakhs car loan?

Repayment or Maximum Number of EMI

Loan amount Interest Rate EMI for 7 Years
5 Lakh 9.00% ₹ 8044.54
6 Lakh 9.00% ₹ 9653.45
7 Lakh 9.00% ₹ 11262.35
8 Lakh 9.00% ₹ 12871.26

## What is the SBI car loan interest rate?

Auto Loans Interest Rates (Fixed Rate)

Scheme Interest Rate (1 year MCLR: 7.00%)
SBI Green Car Loan (For Electric Cars) From 7.05% to 7.75%
Certified Pre-owned Car Loan Scheme From 9.25% to 12.75%
SBI Two-Wheeler Loan 16.25% p.a. to 18.00% p.a.

How can I check my SBI car loan EMI?

For users who doesn’t have savings account and has car/home loan account in SBI. The only way to check the loan balance and get the statement is through SBI Quick app. from the registered mobile no for that particular account. Confirmation message will be received indicating successful/unsuccessful registration.

How is EMI calculated on cars?

You can calculate the Car Loan EMI Amount with the help of the mathematical formula: EMI Amount = [P x R x (1+R)^N]/[(1+R)^N-1] , where P, R, and N are the variables.

### How can I check my car EMI status?

You can view the status of your EMIs due on the website or app of the bank whose debit or credit card you used to secure the EMI. The amount paid, the pending amount, and number of remaining EMIs are easily seen once you log in with your details.

### Can I get car loan if my salary is 15000?

Are you looking for loans at income of 15000 per month?…Top Banks for Car Loans as per your income of 15000 per month.

HDFC Car Loan ICICI Car Loan Axis Bank Car Loan
PNB Car Loan Union Car Loan United Car Loan

How to calculate SBI car loan EMI?

You can also calculate the SBI Car Loan EMI by using the EMI Calculator tool wherein you just need to enter the loan amount, interest rate, repayment tenure, processing fee, etc. The tool will calculate the EMI and display it to you.

What is the EMI on a 5 year car loan?

For a loan tenure of 5 years, get an optimum EMI of Rs.2,095 per lakh. The factors determining a car loan EMI are rate of interest, loan tenure, and loan quantum. The EMI for multiple tenures can be checked using the Bankbazaar EMI Calculator. What is a car loan EMI calculator?

#### What is the lowest car loan rate offered by SBI?

The lowest car loan rate of interest currently offered by SBI is 9.40% as of 10 May 2019. For a loan tenure of 6 years, get an optimum EMI of Rs.1,822 per lakh. For a loan tenure of 5 years, get an optimum EMI of Rs.2,095 per lakh. The factors determining a car loan EMI are rate of interest, loan tenure, and loan quantum.

#### How to calculate EMI on BankBazaar?

Here’s how to use the online EMI calculator on BankBazaar: Use the slider to select the preferred loan amount and loan tenure. Enter the interest rate applicable and the processing fee. Click on “Calculate”. The calculator will then display the EMI payable under the loan.