Equitas SFB Car Loan EMI Calculator
Calculate monthly EMIs for financing passenger cars and commercial vehicles through Equitas Small Finance Bank.
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Official Rate Formula & Benchmark:
Equitas Vehicle Finance provides financing up to 90% of valuation with fixed interest rates starting from 9.25% p.a. and tenures up to 5 years.
Current official starting rate: 9.25% p.a. (Range: 9.25% – 13.50% p.a.).
Equitas SFB Car Loan EMI Calculator
Interactive calculation engine using official Equitas SFB rates
Official Equitas SFB Rate (9.25%)
₹8,00,000
₹1.00 L₹2.00 Cr
%
5.00%Published range: 9.25% - 13.5%20.00%
5 Years(60 mo)
1 Yr30 Yrs
Monthly EMI
₹16,704
For 5 years at 9.25% p.a. reducing balance
Principal Loan Amount₹8,00,000
Total Interest Payable₹2,02,234
Total Amount Payable₹10,02,234
Principal (79.8%)Interest (20.2%)
Calculated according to standard Indian banking methodology (Quarterly compounding for deposits, monthly reducing balance for loans).
Yearly Repayment Schedule
| Year | Principal Paid | Interest Paid | Total Paid | Balance |
|---|---|---|---|---|
| Year 1 | ₹1,31,949 | ₹68,499 | ₹2,00,448 | ₹6,68,051 |
| Year 2 | ₹1,44,685 | ₹55,763 | ₹2,00,448 | ₹5,23,366 |
| Year 3 | ₹1,58,651 | ₹41,797 | ₹2,00,448 | ₹3,64,715 |
| Year 4 | ₹1,73,965 | ₹26,483 | ₹2,00,448 | ₹1,90,750 |
| Year 5 | ₹1,90,750 | ₹9,692 | ₹2,00,442 | ₹0 |
Rate Verification & Official Notice
Verified Official Published RateLast verified:
Rate Methodology →Headline / Starting Rate
9.25% p.a.
Effective Rate Range
9.25% – 13.50% p.a.
fixed RateBenchmark Index
RBI Repo Linked / Card Rate
Applicable Conditions & Eligibility Factors:
- Financing for new passenger vehicles and small commercial vehicles
- Tenures up to 5 years
Source: Equitas Vehicle Finance Portal
Rates subject to borrower risk-grade & RBI regulatory changes.How It Works
- 1Financing for new passenger cars and light commercial vehicles.
- 2Tenures up to 60 months with fast local branch sanctions.
Key Factors Influencing Your Rate
- •Vehicle category
- •Customer business profile and credit score
Worked Numerical Example: Equitas SFB Car Loan EMI Calculator
Principal₹8,00,000
Rate Applied9.25% p.a.
Tenure5 Years
Monthly EMI₹16,704
For a ₹8,00,000 loan at 9.25% p.a. for 5 years (60 months), your monthly EMI is ₹16,704, with total interest of ₹2,02,234.
Frequently Asked Questions: Equitas SFB Car Loan EMI Calculator
- Starting rate?
- Starts from 9.25% p.a.
- Max tenure?
- Up to 5 years.