Find out how long do you have to wait to make your dream car yours! Enter your Dream Car price, maximum monthly savings for your car, current savings, and expected rate of return on your investments. Fintra's calculator tells you the time required to make your dream car yours.
India is currently ranked the world’s 4th largest market for 4-wheelers. Due to this, the demand for a secure and easy to use a car loan calculator has skyrocketed. Although the Internet offers various car loan calculators, not all will be accurate. Thus, Fintra has specially designed for you one of the best EMI calculating tool that will assist you to make an informed decision on how much funding you'll require to purchase your dream car, how much EMIs are likely to be, and other details.
After how many years from now, do you plan to purchase your Dream Car? Use Fintra’s easy-to-use Dream Car Calculator, which helps you to plan better and invest accordingly to strategise for your Dream Car.
Enter the following credentials:
- Dream Car’s Price
- Maximum Monthly Savings/Investments
- Current Savings for your Dream Car (₹)
- Expected Annual Rate of Return (%)
Hit the ‘Submit’ button, and Fintra’s hassle-free Dream Car Calculator will calculate the investment required to purchase your dream car package!
Obtaining car loans for paying for your dream car, you manage to retain some of your savings for other expenses. One of the greatest positive aspects of car loan benefits is that in India the loans are secured against the car itself, thus, you don't have to mortgage any of your assets to get a car loan. One can also use the car while servicing the car loan term, in a few years you have added to your original savings and obtained the chance to own your dream car while having paid off the car loan completely. Car loans are one of the safest ways of purchasing your dream car.
How can car loan EMI calculator help you?
Following are some benefits of using a car loan EMI calculator:
What are the vital documents required for obtaining a car loan?
Although the documentation requirements might vary from lender to lender, the following is the list of some commonly asked for documents:
Income proof documents for Self-employed persons:
Income proof documents in case of salaried individuals:
What amount can you expect in terms of the car loan?
Depending on which bank you are obtaining your car loan the funding amount will vary, and it also depends on various conditions including the characteristics of the car and loan requirements. In most cases, the minimum loan amount will be equal to Rs.1, 00,000.
Can the loan cover the entire cost of your car?
Most banks will provide just 80% to 90% of the total cost of the vehicle as a car loan. However, few banks may cover the entire cost of the car. It's advised to compare the available offers thoroughly before selecting your loan option.