If you really think about it, it's easier getting a loan for a car than a loan for bus fare!
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    Jammu and Kashmir Bank Car Loan EMI Calculator

    An outstanding bank that operates in India, Jammu and Kashmir Bank has been serving the people of India with excellent banking solutions. A customer can count on the bank to provide a prompt and precise service. The bank offers home loan and car loan products which cater to the needs and requirements of the customer.

    Jammu and Kashmir Bank is the place to go to if a customer is looking to finance the purchase of their dream car. The Jammu and Kashmir Car Finance Scheme (Fresh Cars) for Individuals/Proprietorship Concerns is offered at an affordable interest rate with added benefits for women borrowers.

    A borrower can use the car loan EMI Calculator that's available on BankBazaar's official website. The calculator will help in computing the borrower's car loan EMIs and will also help in planning their monthly expenses carefully. The borrower will then be aware of how much they need to spend on each aspect of their life to avoid an unpleasant financial situation.

    How to use BankBazaar’s Jammu and Kashmir Bank Car Loan EMI Calculator to understand your car loan repayment

    The official website of BankBazaar has a great online tool that can be used to calculate the EMI that needs to be paid to repay a car loan. The EMI Calculator that is available on the BankBazaar website is very easy to use and provides visual aids to help you understand your loan better. It gives you the information that you are looking for in a clear manner which can help you understand your loan better. It is self explanatory and can be easily used without the guidance of a professional or customer support.

    Moreover, it gives you an amortisation table along with a graph which can help explain every element of your repayment schedule.

    Calculate your Car Loan EMI

    Jammu and Kashmir Bank Car Loan EMI Calculator – How does it work?

    The car loan EMI calculator of Jammu and Kashmir Bank that is available on official website of BankBazaar is an innovative tool that can save a lot of time when calculating the EMI that needs to be paid on a car loan. The steps for using this online tool are self-explanatory.

    • You will have to first select the car loan amount that you require by dragging the cursor on your screen.
    • After this, you will have to select the loan tenure by dragging the cursor on the "Tenure" tab. The loan that you have borrowed will have to be repaid within this period.
    • You will have to enter the interest rate for the car loan that's offered by Jammu and Kashmir Bank.
    • Next, you will need to enter the processing fee details. You will have to find out the processing fee that is charged by Jammu and Kashmir Bank by either visiting the official website of the bank or at the nearest branch of Jammu and Kashmir Bank.
    • You are also provided with the option to calculate your EMI for your car loan. If you plan on making a prepayment, you can select the "Yes" option. You will then have to provide certain details pertaining to your car loan such as prepayment fee, frequency of repayment, and your prepayment amount.
    • If you do not wish to make a prepayment, all you have to do is select the "No" option and then click on the "Calculate" button. This will then give you the EMI that you will have to pay towards your car loan. After clicking the "Calculate' option, you will get a clear picture of the EMI amounts which you will have to pay along with the amortisation table and a graph. This information will help you make an informed decision on choosing the right loan amount.

    Example: The interest rate offered on a car loan taken from Jammu and Kashmir Bank is 11.25% (Fixed) while the floating rate is B.R + 1%. Women borrowers are offered a rebate of 0.25% on the interest rate. In the following table, we can consider that the interest rate provided by Jammu and Kashmir Bank is 11.25% with a processing fee of 2% which cannot be refunded. The example below assumes that no pre-payments are made towards the loan.

    Loan amount (Rs.) Processing Fee (Rs.) Interest rate (Mean) EMI for 2 years (Rs.) EMI for 3 years (Rs.) EMI for 4 years (Rs.) EMI for 5 years (Rs.) EMI for 6 years (Rs.) EMI for 7 years (Rs.)
    10 Lakh 2% 11.25% 46,724 32,857 25,967 21,867 19,162 17,254
    15 Lakh 2% 11.25% 70,086 49,286 38,951 32,801 28,744 25,881
    20 Lakh 2% 11.25% 93,448 65,714 51,934 43,735 38,325 34,508
    25 Lakh 2% 11.25% 1,16,810 82,143 64,918 54,668 47,906 43,135
    30 Lakh 2% 11.25% 1,40,172 98,572 77,901 65,602 57,487 51,763
    35 Lakh 2% 11.25% 1,63,534 1,15,000 90,885 76,536 67,068 60,390
    40 Lakh 2% 11.25% 1,86,896 1,31,429 1,03,868 87,469 76,649 69,017

    Jammu and Kashmir Bank Car Loan EMI Calculator – Features and Benefits

    The Jammu and Kashmir Bank Car Loan EMI Calculator comes with a number of various features and benefits that are made available for a customer of the bank. Enter your car loan details into the EMI Calculator to get the EMI that you have to pay towards a loan amount.

    • A customer will not have to do any EMI Calculations manually. The customer can rely on the EMI Calculator that's available on the BankBazaar website to do these complex calculations without any error. This tool helps minimize the time spent on getting the result that you are looking for.
    • The calculator can be used from any place and at any time.
    • BankBazaar has a trustworthy customer care support team that is ready to help whenever a customer needs their support.
    • The tool is available free of cost and requires no payment to use it. The tool can be used a number of times to find out the EMI that needs to be paid for various loan amounts.
    • It also provides a colourful graph in a bar diagram format to help you understand your repayment schedule for each month accurately.
    • There are no Excel sheets used while calculating the EMI on a loan amount. Results are received in a well-defined and clear way.
    • The Car Loan EMI Calculator makes the entire lending process simple and easy. Sometimes, a customer may avoid taking a loan due to the element of uncertainty that comes along with the car loan. This EMI Calculator helps by providing all the information that a customer will require to make things certain in a car loan. It also lets the customer know the amount of money that they will have to keep aside every month for the repayment for the loan.

    Jammu and Kashmir Bank Car Loan EMI Calculator FAQs

    1. Is the Car Loan EMI Calculator available on the BankBazaar app?
    2. Yes, the tool is available on the BankBazaar app and is also available on iOS and Android as well.

    3. Will I have to enter the car loan tenure in months or years when I used BankBazaar's Car Loan EMI Calculator?
    4. The results that you receive after using the car loan EMI Calculator will be a lot more accurate if you provide the years and months of the loan tenure.

    5. When can I use the BankBazaar EMI calculator?
    6. The BankBazaar Car Loan EMI Calculator can be used at anytime, 24/7.

    7. Does the BankBazaar Car Loan EMI calculator require a payment to be made to use it or is it available free of cost?
    8. The EMI Calculator is free of cost and does not require any sort of payment to be made to use it. All you have to do is open the official website of BankBazaar and enter the loan details of your car loan to calculate the EMI that you will have to pay.

    9. Do I need to hire a financial consultant to use the BankBazaar EMI calculator?
    10. The EMI Calculator that's available on the BankBazaar website is simple and easy to use and does not require a financial consultant to help you. All you have to do is ensure that you enter the correct loan details pertaining to your loan such as tenure, processing fee, and interest rate.

    11. Where can I find the car loan EMI calculator on the official website of BankBazaar?
    12. You will have to visit the main page and click on the main menu of BankBazaar. Select the “Finance Tools” option where you will find the EMI Calculator option.

    13. How is the amortisation table helpful when purchasing a loan?
    14. The amortization table helps explain every element of your car loan and therefore, you can view your outstanding amount for each month, loan principal amount, outstanding total loan amount, interest rate for your loan, amount paid till a certain date, etc.

    Car Loan Reviews

    • Jammu Kashmir Bank Car Loan
      "Good Service"
      0.5 4.5/5 "Excellent!"
      Being a local bank they always consider the local customers. I've been banking with them for a while. The documentation was really good and they took care of the documentation. Overall it was a good experience with the car loan application. Overall it was a good.
      Was this review helpful? 2
      , srinagar
      Reviewed on May 15, 2018
    • Jammu Kashmir Bank Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      Applied Car loan with J & K bank . Jammu and Kashmir bank just took 2 to 3 days to disburse my loan. The required loan amount has been approved and disbursed. I am satisfied with the loan amount The rate of interest is nominal with Jammu and Kashmir car loan.
      Was this review helpful? 3
      , jammu
      Reviewed on Aug 12, 2017
    • Jammu Kashmir Bank Car Loan
      "Good Bank"
      0.5 5.0/5 "Blown Away!"
      I had raised my request for my car loan with Jammu And Kashmir Bank, The staffs cooperated with me very well. They were given proper response about my loan. Due to personal issue I was post pond my plan for the next 3 months. In future when I am planning to take car loan, definitely I will approach Jammu And Kashmir Bank for the same.
      Was this review helpful? 0
      , udhampur
      Reviewed on Feb 22, 2017
    • Jammu Kashmir Bank Car Loan
      "Average experience"
      0.5 3.0/5 "Satisfactory"
      I have applied for car loan with J& K bank. Initially they have contacted me for the same, after which they have not followed up on my request. Since it has been an average experience, I would not wish to recommend this bank to others. I am unable to rate them on the charges as I do not remember the same.
      Was this review helpful? 1
      , delhi
      Reviewed on Feb 20, 2017
    • Jammu Kashmir Bank Car Loan
      "Good Experience"
      0.5 4.0/5 "Great!"
      I had applied for my car loan with Jammu And Kashmir Bank through online. I had received calls from the bank, I wanted loan for commercial car, they said they will get back to me, but after that I didn't receive any call from them. They are not giving loan for commercial car, So they denied my application.
      Was this review helpful? 1
      , gurgaon
      Reviewed on Feb 16, 2017
    • Jammu Kashmir Bank Car Loan
      "Good response"
      0.5 5.0/5 "Blown Away!"
      Jammu &Kashmir bank is a good bank in the customer services. I had applied for a car loan and they were quick to contact me and give me information about the loan details. I could not proceed for the loan due to reasons known to me. I do not wish to rate the bank on the interest rate and charges as I have not taken the loan.
      Was this review helpful? 4
      , jammu
      Reviewed on Feb 14, 2017
    • Jammu Kashmir Bank Car Loan
      "smooth..."
      0.5 5.0/5 "Blown Away!"
      This car loan is in my name but my brother is paying the payments. Interest rate would be 12 to 13%, I believe. On and average the Jammu and Kashmir bank processed within three to four days the car loan. Customer service and support was very nice at that time.
      Was this review helpful? 4
      , jammu
      Reviewed on Jan 15, 2016
    • Jammu Kashmir Bank Car Loan
      "Excellent !!!!!"
      0.5 5.0/5 "Blown Away!"
      The service provided in Jammu &Kashmir bank is too good and the employees are also good. They took only 2 days for the disbursing my car loan.Interest rate offered was around 9% they have not charge any processing fee and documentation process was very easy.
      Was this review helpful? 3
      , new delhi
      Reviewed on Sep 21, 2015
    • Jammu Kashmir Bank Car Loan
      "Car loan"
      0.5 5.0/5 "Blown Away!"
      I already had purchased a card from bank , I opted for car loan. The loan was sanctioned in just 2 days at simple interest. No lox charges were charged for the loan and tenure was also 7 years which means my EMI was low , the bank often contacts me regarding the loan and keep me updated , also it informs me about the insurance of the vehicle though I haven't taken insurance from the bank itself
      Was this review helpful? 3
      , srinagar
      Reviewed on Jun 19, 2015
    • Jammu Kashmir Bank Car Loan
      "Very Good"
      0.5 5.0/5 "Blown Away!"
      I took a car loan from Jammu and Kashmir bank.The service is awesome. I just went twice to the bank for the process of the loan with the documents. The loan got approved within 10 days. Jammu and Kashmir is the best bank to take care of the customers.
      Was this review helpful? 3
      , srinagar
      Reviewed on May 14, 2015
    • Jammu Kashmir Bank Car Loan
      "Satisfied with Service"
      0.5 5.0/5 "Blown Away!"
      Car loan with jammu and kashmir bank it was nice experience they approved my loan and disbursed the loan amount in weeks time. Interest rate was 11% it was bit high they would have reduced on that. The customer relationship was best. Overall it was hassle fee service.
      Was this review helpful? 10
      , srinagar
      Reviewed on Oct 24, 2014
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