SBI Car Loan EMI Calculator Online
Calculate the future value of your SIP investment
Loan Amount
Rate Of Interest
Loan Tenure
Summary
Based on the details provided, your monthly EMI is ₹11,355 for a principal loan amount of ₹10,00,000, with a loan tenure of 10 years and an interest rate of 6.5% per annum. The total interest payable over the loan tenure is ₹3,62,576, bringing the total repayment amount to ₹13,62,576.
Summary
Based on the details provided, your monthly EMI is ₹11,355 for a principal loan amount of ₹10,00,000, with a loan tenure of 10 years and an interest rate of 6.5% per annum. The total interest payable over the loan tenure is ₹3,62,576, bringing the total repayment amount to ₹13,62,576.
Total Investment Breakup
Lumpsum Investment
Interest Amount
Total Investment
| Year | Opening Balance (₹) |
Yearly Interest (₹) |
Yearly Principal (₹) |
Outstanding Balance (₹) |
|---|
Investing Made Easy
smallcase offers 500+ readymade stock baskets, created and managed by SEBI-registered investment experts
Try smallcase
Investing Made Easy
smallcase offers 500+ readymade stock baskets, created and managed by SEBI-registered investment experts
Popular smallcases
Articles to help you discover the top stock collections in from trending market sectors
SBI Car Loan EMI Calculator Online
Instantly Compute Your SBI Car Loan EMIs Online
State Bank of India (SBI) is one of India’s largest public sector banks. They are a trusted name in banking and financial services, offering a range of loan products to meet diverse needs. The SBI Car Loan EMI Calculator helps borrowers estimate their monthly payments, making it easier to plan finances before applying for a car loan.
What is the SBI Car Loan EMI Calculator?
The SBI Car Loan EMI Calculator is an online tool to help borrowers estimate their EMIs (Equated Monthly Installments) for car loans. This calculator is designed to provide an accurate breakdown of loan repayment schedules based on factors like loan amount, interest rate, and tenure. By using the SBI car loan installment calculator, individuals can plan their finances effectively before applying for a loan.
How to Use the SBI Car Loan EMI Calculator
The EMI calculator for vehicle loan is user-friendly and requires three primary inputs:
- Loan Amount: Enter the amount you wish to borrow.
- Interest Rate: Input the applicable SBI car loan interest rate (this can be checked on the official SBI website).
- Loan Tenure: Select the repayment period.
Once these details are entered, the SBI car loan calculator will instantly compute the monthly EMI, total interest payable, and overall loan cost.
Example of EMI for Varied Car Loan Amounts and Tenures
Below is a sample table illustrating EMI calculations for different loan amounts and tenures at an assumed SBI car loan interest rate of 9% per annum.
| Loan Amount (₹) | Tenure (Years) | Monthly EMI (INR) |
| 5,00,000 | 3 | 15,885 |
| 5,00,000 | 5 | 10,379 |
| 10,00,000 | 3 | 31,770 |
| 10,00,000 | 5 | 20,758 |
| 15,00,000 | 3 | 47,655 |
| 15,00,000 | 5 | 31,137 |
(Note: Actual EMI may vary depending on the prevailing SBI car loan EMI payment terms.)
How is EMI Calculated on a Car Loan?
The formula used for EMI calculation is:
EMI = [P × R × (1+R)^N] / [(1+R)^N – 1]
Where:
- P = Principal Loan Amount
- R = Monthly Interest Rate (Annual Interest Rate / 12 / 100)
- N = Loan Tenure in Months
For instance, if you take a ₹10,00,000 loan at a 9% annual interest rate for 5 years, the calculation would be:
EMI = [10,00,000 × 0.0075 × (1.0075)^60] / [(1.0075)^60 – 1]
Using the online SBI car loan calculator, you can instantly obtain the EMI without manually applying this formula.
Advantages of Using the SBI Car Loan EMI Calculator
The SBI car finance calculator offers several benefits:
- Accuracy: Eliminates manual errors in EMI calculations.
- Convenience: Available online for easy access anytime.
- Informed Decision-Making: Helps choose the best loan terms based on financial capacity.
- Time Efficiency: The auto loan EMI calculator eliminates the need for manual calculations, providing instant results.
- Comparative Analysis: Enables borrowers to compare various loan scenarios before applying.
By leveraging the auto loan SBI calculator, borrowers can make well-informed decisions regarding their car loans. The SBI car loan interest rate calculator ensures complete transparency in the borrowing process, helping individuals manage their finances effectively.
To Wrap it Up
The SBI Car Loan EMI Calculator is a valuable tool for those planning to take a car loan. It simplifies the loan selection process by providing precise EMI calculations, making it easier for borrowers to budget their repayments. Whether you’re buying a new or used car, using the SBI car loan EMI calculator can help you plan your finances efficiently and avoid financial strain.
Disclaimers
The results provided by this calculator are for illustrative purposes only and are based on the inputs provided by the user, including the monthly or lump sum investment amount, expected rate of return, and the investment time period.
The calculator assumes a constant rate of return and does not account for market fluctuations. Therefore, the actual future value of the investment may differ from the estimated value.
smallcase makes no representations or warranties regarding the accuracy of the calculator’s results and is not responsible for any errors, omissions, or inaccuracies. The calculator does not consider taxes, fees, or other factors that may affect investment performance.
This calculator and the results generated are not intended as a solicitation to invest or as a recommendation for any particular investment product. Users are encouraged to consult with a qualified financial advisor before making any investment decisions.
Popular calculators on smallcase
Frequently Asked Questions
Is the SBI Car Loan EMI Calculator free to use?
Yes, the calculator is available for free and can be used by anyone.
Can I use the calculator for both new and used car loans?
Yes, the calculator can be used for both new and pre-owned car loan EMI calculations.
Does the calculator account for prepayments?
No, the standard EMI calculator does not factor in prepayments.
How accurate is the EMI calculated by the tool?
The calculator provides accurate estimates based on the input data. However, the actual EMI may vary slightly due to processing fees or other charges.
Can I adjust the loan tenure and amount to see different EMI options?
Yes, the calculator allows users to modify loan parameters to explore various EMI options and choose the most suitable one.
Does the calculator provide an amortization schedule?
Yes, the calculator offers a detailed amortization schedule, showing the principal and interest components of each EMI over the loan tenure.
Discover Popular Articles by smallcase
Learn more about various financial instruments, trending sectors, popular themes, and companies that are thriving in the current markets before investing.
Systematic Withdrawal Plan (SWP) in Mutual Funds: Meaning, Benefits & How to Start in 2024
Read More
All You Need to Know About Equity Savings Mutual Funds in 2025
Read More
Understanding Income Distribution cum Capital Withdrawal (IDCW) in Mutual Funds
Read More
How to Invest in the Stock Market as a Beginner with Little Money?
Read More
Stock Investing Made Easy
Simple, quick and delightful investing for you!
Scan to Download
Don't take our word for it
smallcase is trusted across the Indian investment ecosystem
Finally got access to @smallcaseHQ and gotta admit, it ‘s the most beautiful investment product I’ve ever seen.
first stock market investment today. in case you’re a stock market noob like me, highly recommend @smallcaseHQ!
One product that impressed me a lot in last 1 yr & also benefitted me personally is @smallcaseHQ – never got interested in markets earlier 🥇
Lately, been playing w/ stocks & wealth mgmt apps. Amongst all,@smallcaseHQ is the shining star. Absolute recco on 💻 & 📱
OK! I found @smallcaseHQ at this odd hour. ALAG LEVEL. Isn’t it alike your own mutual fund?
The best investment tech startup in India today.@smallcaseHQ hoping you guys are the catalyst to get the next million to the markets 🙂
@smallcaseHQ love your product! Kudos!
@smallcaseHQ! What a brilliant product. One of the best I’ve seen.
Agree ” mutual funds sahi hai “, but somehow started feeling smallcase better hai! ☺ What a product! Thanks @smallcaseHQ and@zerodhaonline !!
Felt like Buffett when I logged on to @smallcaseHQ today 😀 There are only two kind of ppl – those who have a Smallcase and those who will!
Take a bow @smallcaseHQ! What an incredible product! 🙏🏻 The ease at which you make equity investing happen – such a breath of fresh air!
They way I am promoting @smallcaseHQ I won’t be surprised if I am mistaken as their business development executive. Impressive product. Keep up the great work you are doing. Happy new year.
Ladies and gentlemen, check out @smallcaseHQ. Even if you don’t end up investing, you’ll be impressed by how pretty it is! 😘
Great way for those early to investing to get exposure to sectors/themes thru @smallcaseHQ. Well researched and easy to buy and manage portfolios.
Had an Amazing experience on building own #theme based#portfolio And guess what i can customise the amount i want to #invest and where to #invest@smallcaseHQ @AxisDirect_In
Fallen in love with @smallcaseHQ– what a smooth, smooth product. Anybody else here using it?
A very simple, low cost asset allocation solution using ETFs is to go for All Weather Portfolio offered by @smallcaseHQ
Invested for the first time during muhurat trading. Adult feels max!@smallcaseHQ 🙌🏻
You can save this tweet of mine. @smallcaseHQ is the future of investing. They will beat the best performing mutual fund and pms hands down. Absolutely no comparison. The sooner people realise this, the better will be their cagr.
Only the best —> @smallcaseHQ Thank me after 10 years.
2 years to this tweet and @smallcaseHQ is still my top rated product
@smallcaseHQ has to be the most unique “fintech” idea I’ve seen in India. Should’ve taken it seriously long back.
Gotta say this. Smallcase is KILLING IT!!!! 🔥
smallcase is one of those rare businesses creating real value for customers/investors, through original thinking and great product design. Go @smallcaseHQ
Haven’t seen a better product than @smallcaseHQ in a while. Stunning.
@smallcaseHQ is one of the best new products that I’ve tried 😍
No matter how much I praise @smallcaseHQ It will still be less for them. Fantastic App, they have made investing so much simple and sharing your fav stocks too. Gamechanger in the fintech ecosystem.
So, I have been using @smallcaseHQ for investing some money and it’s one of the best I would say for rookies like me. Go ahead and try it out.
