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

Job Prospects & Credit Score Check: Things You Must Know

Introduction Are you aware that your credit score can impact not only your financial life but also your job prospects? Many employers, especially in the banking and finance sectors, conduct credit sco...

KNOW MORE

May 23, 2024

How-to-Get-a-Used-Car-Loan-Without-Income-Proof

How To Get A Used Car Loan Without Income Proof

Are you dreaming of owning a used car that fits your budget perfectly? Are you worried about not having proof of income for a loan? Don’t fret! Even if you are unemployed or lack traditional inc...

KNOW MORE

June 17, 2024

Fixed Deposit Updates in 2019

limit on FDs. This was a proposal by the Ministry of Finance, which has appealed to all the citizens of the country. In case of FDs, the interest earned up to an amount of INR 40,000 will be exempt fr...

KNOW MORE

June 30, 2023