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OBC Car Loan EMI Calculator May 2017

Last Updated 25th May 2017

OBC Car Loan Calculator

Lowest EMI on OBC Car Loan - Rs. 1,655 per lakh

Loan Amount 2 Years 3 Years 5 Years 7 Years
Rs. 100,000 Rs. 4,610 Rs. 3,222 Rs. 2,120 Rs. 1,655
Rs. 300,000 Rs. 13,830 Rs. 9,666 Rs. 6,359 Rs. 4,965
Rs. 500,000 Rs. 23,049 Rs. 16,110 Rs. 10,599 Rs. 8,275
Rs. 1,000,000 Rs. 46,099 Rs. 32,220 Rs. 21,198 Rs. 16,550
Car Loan Calculator
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Factors affecting OBC Car Loan EMI

  • Borrower age should be between 18 years to maximum 65 years
  • Maximum car loan amount offered by OBC is up to 85.00% of on-road price
  • Interest rates starts @ 9.90% depending upon down payment, net income and other factors

OBC Car Loan EMI

  • Car Loan EMI (or equated monthly installment) is a fixed amount of money paid by you to OBC 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 OBC 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 OBC are as low as 9.90%.
  • 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.

OBC Car Loan Calculator Formula

Emi Calculator Formula

Here is an illustration of how OBC Car Loan EMI is calculated:
In above formula,
P = Loan amount. This should be 85.00% of on-road price
n = tenure in month. For OBC, this can be 84 months

Car Loan EMI Calculator OBC - How it works?

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

  • OBC 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. OBC 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 OBC in this option.

Frequently Asked Questions on OBC EMI Calculator

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

OBC offers car loan at 9.90% interest rate and hence lowest EMI on per lakh loan amount is Rs. 1,655.

Can I prepay my OBC car loan?

OBC offers you an option of prepayment at Nil charges.

OBC Car Loan Customer Care Number, Email, Application Status, Branches

OBC Car Loan Calculator Customer Care Number, Email, Application Status, Branches

City Customer Care Number
Agra 0562 - 2158816
Ambala 1800-180-1235
Anand 1800-180-1235
Aurangabad 1800-180-1235
Bangalore 080 - 25808905
Bhilai 1800-180-1235
Bhilwara 1800-180-1235
Bhiwadi 1800-180-1235
Bhopal 1800-180-1235
Bhubaneswar Cuttack 1800-180-1235
Bikaner 1800-180-1235
Chandigarh 0172 - 2704386
Chennai 044 - 28498899
Cochin 1800-180-1235
Coimbatore 1800-180-1235
Dehradun 1800-180-1235
Delhi 011 - 28751536
Durg 1800-180-1235
Faridabad 1800-180-1235
Gandhinagar
Ghaziabad 1800-180-1235
Goa 1800-180-1235
Greater Noida 011 - 28751536
Gurgaon 1800-180-1235
Guwahati 1800-180-1235
Gwalior 1800-180-1235
Hyderabad 040 - 23351 - 233
Indore 1800-180-1235
Jabalpur 1800-180-1235
Jaipur 1800-180-1235
Jalandhar 1800-180-1235
Jodhpur 1800-180-1235
Kanpur 1800-180-1235
Karnal 1800-180-1235
Kolhapur 1800-180-1235
Kolkata 1800-180-1235
Kota 1800-180-1235
Kozhikode 1800-180-1235
Lucknow 0522 - 2305764
Ludhiana 1800-180-1235
Madurai 1800-180-1235
Meerut 1800-180-1235
Mehsana 1800-180-1235
Mohali Sas Nagar 1800-180-1235
Mumbai 022 - 43434646
Mussoorie 1800-180-1235
Nagpur 022 - 43434646
Nashik 022 - 43434646
Noida 011 - 28751536
Noida Extn 011 - 28751536
Panipat 1800-180-1235
Patna 1800-180-1235
Pondicherry 1800-180-1235
Pune 020 - 25676464
Raipur 1800-180-1235
Rajkot 1800-180-1235
Ranchi 1800-180-1235
Rohtak 1800-180-1235
Roorkee 1800-180-1235
Salem 044 - 28498899
Shimla 1800-180-1235
Sonepat 1800-180-1235
Surat 1800-180-1235
Trichy 1800-180-1235
Udaipur 1800-180-1235
Vadodara 1800-180-1235
Varanasi 1800-180-1235
Vijaywada 1800-180-1235
Vizag 1800-180-1235
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*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. MyLoanCare is an independent professional service provider and is not related to the government or government bodies or any regulator or any credit information bureau in any way. Information carried at this website is not and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not undertake any liability with respect to the correctness of the content, information and calculations. Information is subject to change without notice. By submitting your query or using any tools or calculators, you authorize MyLoanCare to share your information with lender(s), consent for such lender(s) to access your credit information report and contact you regarding your query overriding your number being in National Do Not Call Registry. This is a free service and no charges are payable by the borrower to MyLoanCare. The Company may receive remuneration from lenders for services provided to them.
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