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Federal Bank Car Loan EMI Calculator Jul 2017

Last Updated 18th Jul 2017

Federal Bank Car Loan EMI Calculator

Lowest EMI on Federal Bank Car Loan - Rs. 1,656 per lakh

Loan Amount 2 Years 3 Years 5 Years 7 Years
Rs. 100,000 Rs. 4,611 Rs. 3,223 Rs. 2,121 Rs. 1,656
Rs. 300,000 Rs. 13,832 Rs. 9,669 Rs. 6,362 Rs. 4,968
Rs. 500,000 Rs. 23,054 Rs. 16,115 Rs. 10,604 Rs. 8,280
Rs. 1,000,000 Rs. 46,108 Rs. 32,230 Rs. 21,208 Rs. 16,560
Car Loan Calculator
Rs.

Factors affecting Federal Bank Car Loan EMI

  • Borrower age should be between 21 years to maximum 60 years
  • Maximum car loan amount offered by Federal Bank is up to 90.00% of ex-showroom price
  • Interest rates starts @ 9.92% depending upon down payment, net income and other factors
  • Processing fee in Federal Bank may be 0.00% of loan amount Min Rs. 1,500 Max Rs. 2,500

Federal Bank Car Loan EMI

  • Car Loan EMI (or equated monthly installment) is a fixed amount of money paid by you to Federal Bank against the loan taken. This is towards repayment of your loan to the bank. Every month, it is due on a fixed day of the month till your loan is fully paid back.
  • With Federal Bank offering car Loans with loan tenure upto 84 years, the loan EMI can be as low as Rs. 1 per lakh, to make it more affordable and convenient to meet your car needs. Rate of interest offered by Federal Bank are as low as 9.92%.
  • This EMI consists of both interest payment and principal repayment. Though the EMI amount will remain constant, the principal component keeps increasing and on the other hand the interest component keeps reducing.

Federal Bank Car Loan Calculator Formula

Emi Calculator Formula

Here is an illustration of how Federal Bank Car Loan EMI is calculated:
In above formula,
P = Loan amount. This should be 90.00% of ex-showroom price
n = tenure in month. For Federal Bank, this can be 84 months

Car Loan EMI Calculator Federal Bank - How it works?

Federal Bank Car loan calculator calculates EMI considering a combination of loan amount, interest rate and loan tenure.

  • Federal Bank Car loan calculator considers “reducing balance basis” and assumes that payment of EMI is made in arrears (means interest is charged for the month preceding the EMI payment date) and not in advance.

Car Loan EMI – EMI changes in case of prepayment

In case you prepay your car loan, the outstanding balance on your car loan reduces. Federal Bank gives you two options:

  • Reduce your loan tenure and keep your car EMI same
  • Reduce the amount of EMI and keep your loan tenure same

It is better to keep the EMI constant and reduce the loan tenure as you pay less interest to the Federal Bank in this option.

Frequently Asked Questions on Federal Bank EMI Calculator

What is the lowest EMI per lakh offered by Federal Bank on Car loan?

Federal Bank offers car loan at 9.92% interest rate and hence lowest EMI on per lakh loan amount is Rs. 1,656.

Can I prepay my Federal Bank car loan?

Federal Bank offers you an option of prepayment at 2% charges.

Is there any processing charge on Car loan from Federal Bank?

Car Loan from Federal Bank charges a processing fee of 0.00% of loan amount Min Rs. 1,500 Max Rs. 2,500.

Federal Bank Car Loan Customer Care Number, Email, Application Status, Branches

Federal Bank Car Loan Calculator Customer Care Number, Email, Application Status, Branches

City Customer Care Number
Agra 1800-425-1199
Ahmedabad 1800-425-1199
Ambala 1800-425-1199
Anand 1800-425-1199
Aurangabad 1800-425-1199
Bangalore 1800-425-1199
Bhilai 1800-425-1199
Bhilwara 1800-425-1199
Bhiwadi 1800-425-1199
Bhopal 1800-425-1199
Bhubaneswar Cuttack 1800-425-1199
Bikaner 1800-425-1199
Chandigarh 1800-425-1199
Chennai 1800-425-1199
Cochin 1800-425-1199
Coimbatore 1800-425-1199
Dehradun 1800-425-1199
Delhi 1800-425-1199
Durg 1800-425-1199
Faridabad 1800-425-1199
Gandhinagar 1800-425-1199
Ghaziabad 1800-425-1199
Goa 1800-425-1199
Greater Noida 1800-425-1199
Gurgaon 1800-425-1199
Guwahati 1800-425-1199
Gwalior 1800-425-1199
Hyderabad 1800-425-1199
Indore 1800-425-1199
Jabalpur 1800-425-1199
Jaipur 1800-425-1199
Jalandhar 1800-425-1199
Jodhpur 1800-425-1199
Kanpur 1800-425-1199
Karnal 1800-425-1199
Kolhapur 1800-425-1199
Kolkata 1800-425-1199
Kota 1800-425-1199
Kozhikode 1800-425-1199
Lucknow 1800-425-1199
Ludhiana 1800-425-1199
Madurai 1800-425-1199
Meerut 1800-425-1199
Mehsana 1800-425-1199
Mohali Sas Nagar 1800-425-1199
Mumbai 1800-425-1199
Mussoorie 1800-425-1199
Nagpur 1800-425-1199
Nashik 1800-425-1199
Noida 1800-425-1199
Noida Extn 1800-425-1199
Panipat 1800-425-1199
Patna 1800-425-1199
Pondicherry 1800-425-1199
Pune 1800-425-1199
Raipur 1800-425-1199
Rajkot 1800-425-1199
Ranchi 1800-425-1199
Rohtak 1800-425-1199
Roorkee 1800-425-1199
Salem 1800-425-1199
Shimla 1800-425-1199
Sonepat 1800-425-1199
Surat 1800-425-1199
Trichy 1800-425-1199
Udaipur 1800-425-1199
Vadodara 1800-425-1199
Varanasi 1800-425-1199
Vijaywada 1800-425-1199
Vizag 1800-425-1199
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