login-icon
mahindra-finance-logo
login-icon
  • English
  • Hindi
  • Bengali
  • Marathi
  • Telugu
  • Tamil
  • Gujarati
  • Kannada
  • Odia
  • Malayalam
  • Punjabi
phone

Download App

Conveniently pay your EMIs, set payment reminders, view your loan details.

phone
|

Car Loan EMI: What Is It ?

mahindra-finance-author

by Mahindra Finance

|

October 5, 2023

|

1 mins read

A Car Loan EMI (Equated Monthly Instalment) is the monthly payment you make until your car loan is fully repaid. This amount comprises both the principal loan amount and the interest accrued.

Related articles

What is A Term Deposit?

Quick Summary Meet Rajesh, a 28-year-old transporter from Haryana who recently received a long-pending payment of ₹2 lakhs from a client. He didn’t need the money for the next 15 months. Like many...

KNOW MORE

January 16, 2026

Fixed Deposit Vs Savings Account: Where Should You Invest?

Getting started: Fixed deposit vs savings account Saving money is an important step towards achieving your life goals. However, simply saving money in a regular account may not be enough, as it doesn&...

KNOW MORE

May 8, 2024

Benefits-Of-Using-Used-Car-Loan-EMI -Calculator

Benefits Of Using Used Car Loan EMI Calculator

Looking to buy a used car? Before making any decisions, it’s essential to consider the financial aspects, such as the loan amount, interest rate, and monthly instalments.  By calculating yo...

KNOW MORE

July 5, 2024