Karnataka Bank Car Loan EMI Calculator

₹ 50k ₹ 50L
6.0% 30.0%
6 months 30 years
Principal Amount
Interest Amount

Monthly EMI

4,442.44

Principal Amount

50,000

Interest Amount

3,309.27

Tenure (Month)

12 months

Total Amount

53,309.27

Your Amortization Details (Yearly/Monthly)

2024

Month Principal Paid Interest Charged Total Payment Balance
Aug ₹3,942.44 ₹500.00 ₹4,442.44 ₹46,057.56
Sept ₹3,981.86 ₹460.58 ₹4,442.44 ₹42,075.70
Oct ₹4,021.68 ₹420.76 ₹4,442.44 ₹38,054.01
Nov ₹4,061.90 ₹380.54 ₹4,442.44 ₹33,992.11
Dec ₹4,102.52 ₹339.92 ₹4,442.44 ₹29,889.60

2025

​The Karnataka Bank Car Loan EMI Calculator is an online tool designed to help you estimate your monthly car loan repayments. By inputting key details such as the loan amount, interest rate, and loan tenure, the calculator provides an immediate breakdown of your Equated Monthly Installment (EMI), total interest payable, and overall repayment amount. This helps you manage your finances efficiently before taking on a car loan commitment.

How to Use Wishfin Karnataka Bank Car Loan EMI Calculator?

Using the Wishfin Karnataka Bank Car Loan EMI Calculator is quick and hassle-free. Simply head over to the Wishfin website and locate the Karnataka Bank Car Loan EMI Calculator. Begin by entering the loan amount, interest rate, and choosing your preferred tenure, from 6 to 360 months. As soon as you fill in the required fields, the tool will generate your estimated EMI, total repayment, and interest costs. It also provides a detailed amortization schedule to help you visualize how your loan will be repaid over time. This enables you to evaluate your financial capacity and prepare your budget with confidence before applying for a car loan from Karnataka Bank.

Example of Karnataka Bank Car Loan EMI Calculator

Let’s say you want to take a car loan of ₹10,00,000 from Karnataka Bank at an interest rate starting from 8.88% and going up to 12.11% per annum for a tenure of 6 years (60 months). With the help of a calculator, you can get the estimated EMIs, which helps in clearly understanding your repayment obligations and managing your finances more effectively before availing the loan.

Understand with the help of a table where the interest rate was calculated at 8.88% per annum -

Year Principal(A) Interest(B) Total Payment(A + B) Balance

2025

₹ 97,958

₹ 63,736

₹ 1,61,694

₹ 9,02,042

2026

₹ 1,41,144

₹ 74,448

₹ 2,15,592

₹ 7,60,898

2027

₹ 1,54,200

₹ 61,392

₹ 2,15,592

₹ 6,06,697

2028

₹ 1,68,465

₹ 47,128

₹ 2,15,592

₹ 4,38,233

2029

₹ 1,84,049

₹ 31,544

₹ 2,15,592

₹ 2,54,184

2030

₹ 2,01,074

₹ 14,519

₹ 2,15,592

₹ 53,110

2031

₹ 53,110

₹ 788

₹ 53,898

₹ 0

Formula for Calculating Karnataka Bank Car Loan EMI

The formula for calculating Karnataka Bank Car Loan EMI is the same standard EMI formula used for all term loans:

EMI = [P × r × (1 + r)^n] / [(1 + r)^n – 1]​

Given,

  • P = Loan amount = ₹10,00,000
  • R = Monthly interest rate =0.0074
  • N = the loan tenure in months. For a 6-year loan, it is calculated as

= 6×12=726 \times 12 = 726×12=72

Substituting the values

EMI = ₹17,966.04

What this means:

  • You’ll pay ₹17,966.04 per month for 72 months
  • This EMI includes both principal and interest portions, which change every month
  • You can use the Karnataka Bank EMI calculator or a detailed amortization table to see the year-wise breakdown.

The Lowest EMI Available on Karnataka Bank Car Loan

Years Interest Rate at 8.88% Interest Rate at 12.11%

1

₹ 87,395.84

₹ 88,900.26

2

₹ 45,629.70

₹ 47,124.86

3

₹ 31,743.91

₹ 33,266.87

4

₹ 24,828.10

₹ 26,387.88

5

₹ 20,700.16

₹ 22,300.07

6

₹ 17,966.04

₹ 19,607.44

Eligibility Criteria for Karnataka Bank Car Loan

  • Applicants must be an Indian resident or an NRI (Non-Resident Indian).
  • Should be an income tax assessee.
  • Salaried employees, executives, and members of companies, firms, trusts, associations, or societies are eligible.
  • The sum of the applicant’s age and loan tenure should not exceed 70 years.
  • NRI applicants must meet the bank’s financial and residential eligibility norms.
  • Must fulfill all other criteria as defined by the bank.

Documents Required For Karnataka Bank Car Loan

For Existing Customers:

  • Customer ID or Debit Card Number
  • PAN Card
  • A scanned or soft copy of KYC documents

For New Customers:

  • PAN Card
  • Aadhaar Card or Driving License
  • A scanned or soft copy of KYC documents

For Salaried Individuals:

  • A PDF or scanned copy of the salary account statement for the last 12 months
  • For existing customers, details may be auto-fetched by the system

For Non-Salaried Individuals:

  • A PDF or scanned copy of the operative account statement for the last 12 months
  • For existing customers, details may be auto-fetched by the system.

Conclusion

The Karnataka Bank Car Loan EMI Calculator is a simple yet powerful tool that helps borrowers plan their car loan repayments with ease. By providing quick estimates of monthly EMIs, total interest payable, and the overall repayment amount, it allows users to make informed financial decisions before applying for a loan. Whether you're a first-time buyer or a seasoned borrower, using this calculator can give you a clear picture of your financial commitments and help you choose a loan plan that fits your budget comfortably.

Frequently Asked Questions (FAQs)

What information do I need to use the Karnataka Bank Car Loan EMI Calculator?

Can the Karnataka Bank Car Loan EMI calculator show the total interest and repayment amount?

Is the Karnataka Bank Car Loan EMI calculation accurate?

Can I change the Karnataka Bank Car Loan amount or duration to check how it impacts the EMI?

Can I use the Karnataka Bank Car Loan EMI calculator for any type of loan?

Is there a limit on the loan amount or tenure on the Wishfin Karnataka Bank Car Loan EMI Calculator?

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