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There are several resources available online in order to calculate EMIs on car loan. You can simply make use of online EMI calculators which are easily available. You just need to input the loan amount, tenure, interest rate and (in some cases) the processing fees. The calculator will do the rest and present you with the resultant EMIs.

Almost all lending intuitions in India, including public and private sector banks and NBFCs, have various schemes for car finance. Car financing allows the borrower to buy the vehicle upfront and pay later, in easy EMIs. It is a loan scheme that allows the borrower to buy the desired car of any segment, and pay the vehicle off in equated monthly installments over a few years instead of having to pay the full price upfront.

Car loans have fixed interest rates, unlike home loans. A good car loan rate depends on various factors – including your credit history, employment stability, your repayment capacity and credit score. Banks consider various factors before approving of a loan with the best rate including your income, your credit history and income to debt ratio. 

The ideal credit score for car loans accepted by most banks in India is 750. If your credit score is low, then it is better to increase your score before applying for car loan to avoid possible rejections, which would further hurt your score. You can get a car loan if your score is less than 750, but you might have harsher repayment terms.

Car finance allows the customer to buy the vehicle upfront and pay later, in equated monthly installments. The terms of a car loan depend on various factors, including your income, credit score and credit history. Some brands and models of car are eligible for 100% financing – i.e. the bank will lend the entire cost of the car as the loan amount.

It depends on a variety of factors like your credit score, history, car segment, the tenure of the loan and your relationship with the bank (if you are existing customer). Car loans have fixed interest rates for the entire tenure of the loan.

Generally, having a score of at least 750 and above will ensure that you get the best offers including lower interest rates. A lot depends on your borrowing history, existing liabilities, and your relationship with your bank.

The terms of a car loan depends on various factors, including your income and credit history. If you have a shaky credit history, you might be approved of a loan but with high interest rates. Typically, a borrower with stable employment and good credit score and borrowing history qualifies for a lower interest rate.

An auto loan is a loan that allows you to buy a desired four wheeler, and pay the vehicle off in equated monthly installments for a set tenure instead of having to pay the full price upfront. The terms of an auto loan depend on various factors, including your income and credit history.

The interest rate generally depends upon your credit history and score. Higher the score, better are your chances of getting a car loan at competitive prices. A borrower with stable employment and good credit history usually qualifies for a lower interest rate, which would naturally result in a lower loan repayment. It is advisable to make sure your credit score is good before applying for any kind of loan to get the best interes

A car loan is a loan that allows the customer to buy a four wheeler, and pay off the loan over a period of years instead of paying the full price out of his/her pocket at the time of purchase. The repayment period can range from 1-7 years, and some cars are even eligible for 100% financing (i.e. – the entire price of the car is offered as a loan amount by the bank).The terms of a car loan depend on various factors, including your inc

It depends on your credit worthiness and your borrowing history. A house loan entails a significant responsibility of making repayments month after month which could stretch to decades. Your salary/income would play an important role, plus whether you have any existing loan liabilities. If you draw a good salary, have manageable loan obligations, and have a good credit score, you might be approved for a good loan amount.

It depends on the value of your property, your income, your credit worthiness and borrowing history. Typically, you would be expected to make a down payment of 15%–20 % of the value of the property. Lenders want to be assured that you will be able to pay back your loan on your present and projected income.

Home loans are one of the most popular financial products in India.Before applying for a home loan you must make sure that you have a good credit score, your finances are well planned for repayment, and interest rates/loan offers thoroughly researched.  Go through the fine print on the terms and conditions of every loan option you might be interested in.Once you are sure that you have done your research on the home l

Refinancing a home loan means taking a new loan to pay out your existing mortgage. There are several reasons why one would want to refinance a home loan, the most popular being a lower interest rate. You could also opt for reducing your loan tenure if you can pay a higher monthly amount. You can also increase the loan tenure to reduce your monthly EMI burden. Or you could shift from floating rate to fixed rate. These are all reasons for re

Being a defaulter is not considered as a good sign in the eyes of banks and other lending institutions. If you are a consistent defaulter, then banks and financial institutions will be less likely to grant any kind of loans to you. Having said this, following criteria might play a crucial role in case of past defaulters, though perhaps on strict repayment terms:High income – lender might be willing to lend to defaulter who has a good, stable source of incomeCollateral

Your CIBIL™ score or credit plays a very important role in the home loan approval process. In general, it is advisable to have a credit score of at least 750 or above to have a good chance of your loan application approved and being eligible for the most attractive offers which could include a low interest rate and larger loan amount.

It is generally advisable to have a credit score of 750 or above to qualify for home loan. The higher your score, the better are your chances of your application being approved.As a first step, lenders typically look for a minimum credit score of 750 before deciding whether to go ahead with processing your application.Banks and other lenders will also look at your Credit Information Report (CIR), commonly referred to as a

Following is a list of documents which are typically required. Additional documents might be requested for as per your credit profile and your lender.For the Salaried• Proof of Identity and Address - Passport or Voter's ID card / Driving License / Job Card issued by NREGA / Adhaar Card / PAN card (PAN Card only as identity proof) / any other document as acceptable to the Bank• Proof of income - Latest 3 Months salary slip showing

When a bank or NBFC lends a customer money for the purpose of buying or building a house, it is known as a home loan. The property purchased / built is held by the lender as security till the entire loan amount along with interest is repaid. Only on repayment of the full loan amount including the interest, will the lender release the property title to the customer.

Different lenders have different eligibility requirements. You can check your eligibility for home loan by using the lender’s home loan eligibility calculator online. You need to demonstrate a stable income and employment history. Additionally, you also need to satisfy the age criteria.