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EMI for 10 Lakh Car
The EMI for a 10 lakh car depends on the interest rate offered by the lender, the loan term, and the down payment or loan amount. Generally, a 10 lakh car loan can be availed at an interest rate ranging between 8.5-13.5%. The loan term for a 10 lakh car loan can range anywhere between 3-7 years. The EMI amount for a 10 lakh car loan can range from ₹19,624 – ₹26,636.
Down Payment for Car Loan
Down payment is the amount of money you pay towards the purchase of a car, before taking a loan. The amount of down payment depends on the loan amount and the loan tenure. Generally, lenders ask for a down payment of 10-50% of the car’s on-road price. Taking a car loan with a higher down payment helps reduce the EMI and loan tenure.
Down Payment for 50000 Car
For a 50000 car loan, lenders typically ask for a down payment of 10-20% of the car’s on-road price. The exact down payment amount depends on your loan eligibility, credit score, and other factors. Taking a car loan with a higher down payment helps reduce the EMI and loan tenure.
EMI for 20 Lakhs Car Loan
The EMI for a 20 lakh car loan depends on the interest rate offered by the lender, the loan term, and the down payment or loan amount. Generally, a 20 lakh car loan can be availed at an interest rate ranging between 8.5-13.5%. The loan term for a 20 lakh car loan can range anywhere between 5-7 years. The EMI amount for a 20 lakh car loan can range from ₹42,634 – ₹58,971.