Monthly EMI  ₹ 
Principal amount  ₹ 
Total interest  ₹ 
Total amount  ₹ 
IndusInd Bank offers eligible clients car loans, and these car loans are simpler ways to buy cars since you can pay the loan off through an EMI or an equated monthly installment.
This monthly installment will be a particular sum of money, needs to be paid on a specific date, and will be paid for the entire loan tenure.
If you are planning on getting a car loan from IndusInd Bank and want to know how much the EMI each month would be, you can use the IndusInd Bank car loan EMI calculator for instant assistance.
The IndusInd Bank car loan EMI calculator is an online tool with a formula box for standard calculations of car loan EMIs from IndusInd Bank.
The calculator is an internetbased tool and will only work online. You can use it to know the amount of EMI you would incur in a car loan that you want to take from the bank.
The calculator can be used 24/7 and also as many times as required. Therefore, you can enter different amounts and tenures to check the suitability of the EMI amount.
The IndusInd Bank car loan EMI calculator is one where you get instant solutions on the possible EMI you would be paying towards the car loan from IndusInd Bank. It can be used as a tool of comparison by adjusting different tenures and amounts. It can be an instrument used to estimate the most suitable car loan scheme that the bank provides you.
The IndusInd Bank will also eliminate any possible outcome of human error as there will be no need for any sort of manual calculations. The calculator will also show you the amount of total interest that would incur on your car loan.
Using the IndusInd Bank car loan calculator is simple and easy to use, and all that you would have to do is enter the belowmentioned data into the calculator.
1) Principal
The initial amount that you need to buy the car.
2) Tenure
The period for which you want the loan to be paid off.
3) Rate
This is the interest rate that the bank is offering you for the car loan.
Once these details have been clearly adjusted into the calculator, you will be shown the EMI you would be paying on the loan each month and the interest that has been charged on the loan.
The calculator also uses a standard format to make these calculations, and you can also calculate the EMI amount of the car loans from IndusInd Bank with this formula.
[PxRx(1+R)^N]/[(1+R)^N1]
Therefore, each letter of the formula stands for the following:
P  Principal
N  Tenure
R  Interest Rate
This formula could be explained more clearly through an example.
If you have decided to take a car loan from IndusInd Bank, and you will be applying for it in the month of June 2022 with the belowmentioned structure:
P = Rs. 7.5 lakhs
R = 6.8%
N = 4 Years ( 48 months )
EMI = [7,50,000 x 12/100/12 x (1+6.8/100/12)^48] / [(1+6.8/100/12)^481]
EMI = Rs. 17,890
Based on the formula that has been spoken about before, here is an amortization table that can portray to you the segments of the repayment of the loa in detail:
Year 
Total Payment 
Loan Outstanding 

2022 
Rs. 1,07,340

Rs. 6,66,992 

2023 
Rs. 2,14,680

Rs. 4,92,289 

2024 
Rs. 2,14,680

Rs. 3,05,329 

2025 
Rs. 2,14,680

Rs. 1,05,252 

2026 
Rs. 1,07,350

Rs. 0 
There can be varied takeaway benefits from using the IndusInd Bank Car Loan calculator from Groww, but the main advantages are:
It is an online tool that will allow you to know the IndusInd Bank car loan EMI.
Through this calculator, you can make sure the amount of EMI and interest before you apply for the loan.
Yes, you can make prepayments for your car loan to the bank to reduce the expenses.
No, your interest rate will remain the same, but the amount on which the rate is being charged will have reduced.
No, the processing fee will be changed often, and only the bank can ensure the guarantee of that amount to you.