Auto Loan EMI Calculator
Get an instant estimate of your vehicle loan EMI with Zigwheels's user-friendly loan calculator. Simply enter the loan amount, tenure, and interest rate, then hit 'Apply Now' to see your personalized EMIs in seconds.
- Car Loan
- Used Car Loan
- Motorcycle Loan
*The loan terms are indicative and will depend on the document verification.
*Rate of interest can vary subject to credit profile. Loan approval is at the sole discretion of the finance partner.
*Fees such as insurance, administrative, provision fees, etc. are not included in the simulation.
*The simulation is only a general description and is not the actual amount. The final amount will be determined by the financier.
*Rate of interest can vary subject to credit profile. Loan approval is at the sole discretion of the finance partner.
*Fees such as insurance, administrative, provision fees, etc. are not included in the simulation.
*The simulation is only a general description and is not the actual amount. The final amount will be determined by the financier.
*The base price (Total cost) is calculated subject to the price of the popular models available in your selected area
*Rate of interest can vary subject to credit profile. Loan approval is at the sole discretion of the finance partner.
*Fees such as insurance, administrative, provision fees, etc. are not included in the simulation.
*The simulation is only a general description and is not the actual amount. The final amount will be determined by the financier.
Eligibility & Documents Required for Vehicle Loan
- Eligibility
- Documents
- Malaysian citizenship with a minimum age of 18 years (not exceeding 60 years at the end of loan tenure)
- Any salary earning individuals, sole proprietorship, partnership firm, self-employed individuals, public listed companies, private limited companies can apply for a car loan
- In the case of individuals, min monthly income should be RM 1,500, which is subjected to Debt Service Ratio
- In the case of foreign applicants, a local guarantor is required
FAQ’s on Auto Loan EMI Calculator
How to Use a Auto Loan EMI Calculator?
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Using a auto loan EMI calculator is relatively simple and straightforward. The following are the steps to use a auto loan EMI calculator:
- Enter the loan amount: The first step is to enter the amount of loan you wish to take for the auto.
- Enter the interest rate: The second step is to enter the interest rate offered on the loan by the lender.
- Enter the loan tenure: The third step is to enter the tenure or the duration of the loan in months.
- Click on "Apply Loan": Once you have entered all the required information, click on the "Apply Loan" button to get the EMI.
- View the EMI: The calculator will then display the EMI that you need to pay every month to repay the loan.
What are the benefits of using an online Auto Loan EMI Calculator?
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Convenience: Online auto loan EMI calculators can be accessed from anywhere and at any time.
- Speed and accuracy: Online calculators are quick and efficient in providing accurate EMI calculations.
- Comparison: Online calculators allow users to compare different loan options based on interest rates, tenures, and down payments.
- Cost-effective: Online calculators are free to use and don't require any additional costs.
- Helps in planning: Knowing the EMI amount can help users plan their budget and finances, and make an informed decision about whether to take the loan or not. Additionally, it allows users to estimate the cost of a auto.
