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-Happens-If-My-Personal-Loan-Becomes-NPA

What Happens If My Personal Loan Becomes NPA?

If you’ve taken out a personal loan, it’s crucial to understand the potential consequences if you find yourself unable to repay it.  While secured loans like home or car loans allow l...

KNOW MORE

July 1, 2024

What-Is-The-Minimum-Credit-Score

What Is The Minimum Credit Score For A Used Car Loan

Dreaming of owning a car that fits your budget or want to go for a pre-owned car? If so, a used car loan might be the right option for you. However, before you apply for a used car loan for low CIBIL ...

KNOW MORE

September 12, 2024

What Is The Maximum And Minimum Tenure For Personal Loans?

Introduction Personal loans are a lifeline during times of financial uncertainty. But before you apply for one, it’s crucial to understand the terms and conditions, especially the tenure of the ...

KNOW MORE

April 18, 2024