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We are one of India's Most Progressive Automobile Finance Companies. With an aspiration to empower Indians human ambition, we offer fund and non-fund based financial services to retail, corporate and institutional customers through the wide network of branches of Muthoot Fincorp Ltd, group's flagship Company.

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  1. Home
  3. Products
  5. Used Car Loan EMI Calculator

Used Car Loan EMI Calculator

  • Simple and easy to use used car loan EMI calculator
  • Check loan tenure, interest rate and total loan amount based on this EMI calculator
  • Variety of schemes that allow you to save on interest rate
  • Flexible repayment tenures ranging from 12 to 60 months

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  • Email us :secretarial [at] muthootcap [dot] com
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I authorize Muthoot Capital & other Muthoot Pappachan Group companies (including its Agents/representatives) to call/communicate with me on their product offerings/promotions through Telephone/Mobile/SMS/email ID/WhatsApp.

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Calculate Your Used Car Loan EMIs

The Used Car Loan EMI Calculator is an online tool that helps you calculate the monthly EMI based on the loan amount, interest rate, and tenure. It enables you to plan your used car purchase more effectively by providing an instant calculation of your monthly repayment obligations.

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Use our Car Loan EMI calculator to know your monthly installment

Use our EMI calculator to know your monthly installment. Select the loan amount, the applicable rate of interest, and tenure. In an instant, you will get the details of the installment, and the total amount payable. It is a free tool which is easy to use and is designed to help you make informed decisions.

Required loan amount
min ₹10,000
max ₹20 Lac
Interest rate
min 10%
max 32%
Tenure up to
1 month
84 months
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Loan Amount
₹ 10,000
Interest Payable
₹ 83

Monthly EMI

₹ 10,083

How to Use Muthoot’s Used Car Loan EMI Calculator

 

Here are the simple steps to calculate your EMI for a used car loan:

  • Enter Loan Amount: Specify the loan amount you need for your used car.
  • Input Interest Rate: Enter the applicable interest rate.
  • Select Loan Tenure: Choose the tenure in months.

Your EMI will be automatically displayed, giving you an estimate of your monthly payment.

 

Understanding the Used Car Loan Amortization Schedule

 

An amortization schedule breaks down your loan repayment over time, showing:

  • EMI Nos: The number of each monthly EMI payment.
  • Opening Principal: The remaining principal at the start of each month.
  • Interest: The portion of the EMI applied to interest.
  • Principal Repayment: The portion of the EMI that goes toward reducing the loan principal.
  • Closing Principal: The remaining balance after each payment.

This helps you track how your loan balance decreases over time and how much of each EMI goes towards interest and principal repayment.