Calculating EMIs for car loan is pretty simple, with the advent of online EMI calculators. Most of them are free and present you with a picture of your monthly EMI outflow. You just need to input the following:
• The loan amount
• Interest rate and,
• Processing fees (as applicable)
The calculator will do the number crunching and present you with the resultant EMIs.
Using an online EMI calculator is hassle-free, removes the hard work that comes with calculating and rules out human error.