Nainital Bank Car Loan EMI Calculator

Customers who wish to avail a car loan from Nainital Bank should use the Car Loan EMI Calculator to get a good preview of the EMIs that they would have to pay during the tenure of the loan.

Updated On - 05 Sep 2025

Nainital Bank offers the Suhana Safar Scheme to help in the financing of a car. With the Nainital Bank Car Loan EMI Calculator customers can calculate the EMI they would have to pay in a few seconds. Customers who wish to avail this car loan can also check their eligibility for a car loan on the BankBazaar website.

How to use BankBazaar Nainital Bank EMI calculator to understand your car loan repayment

Customers can visit the web portal of BankBazaar to be certain of their debt-to-income ratio. The Nainital Bank Car Loan EMI Calculator on the BankBazaar website gives customers EMI calculations in seconds and in addition displays the amortisation table - a graphical representation of the loan breakup and the progress of the loan. A customer can save a lot of time if they determine the EMIs that they have to pay before applying for a car loan. The customer can make an informed decision on the car loan of their choice without having any regrets when it comes to repaying the loan amount.

Nainital Bank EMI Calculator - How does it work?

To calculate the car loan EMI from Nainital Bank, customers will have to enter the below mentioned components of a car loan. The online EMI Calculator will give the customer an accurate result in seconds after the details have been entered.

  1. You will have to select the loan amount that you require by dragging the pointer and selecting the amount that you require. For example, Rs.1 lakh, Rs.5 lakh, Rs.10 lakh.
  2. After this is done, you will have to choose the loan tenure with the help of the pointer.
  3. Enter the interest rate that is offered by Nainital Bank on car loans.
  4. In the adjacent field, you will have to enter the processing fee which is usually a certain percentage of the full car loan amount.
  5. You will then need to specify if you would like to prepay your car loan or not. This can be done by choosing 'Yes' or 'No' by clicking the buttons on the calculator.
  6. You can then click 'Calculate' to receive your results.

Example: Currently, the rate of interest on car loans offered by Nainital Bank is 9.20% (floating). Let us calculate the EMIs a customer would be required to pay for different tenures. We will also assume that the processing fee is 2%.

Loan amount (Rs.)

Interest rate

Processing fee

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

9.20%

2%

45,777

31,893

24,980

20,856

18,125

16,191

15 lakh

9.20%

2%

68,665

47,839

37,470

31,283

27,187

24,286

20 lakh

9.20%

2%

91,553

63,786

49,960

41,711

36,250

32,382

25 lakh

9.20%

2%

1,14,441

79,732

62,450

52,139

45,312

40,477

30 lakh

9.20%

2%

1,37,330

95,679

74,940

62,567

54,375

48,572

35 lakh

9.20%

2%

1,60,218

1,11,625

87,430

72,994

63,437

56,668

40 lakh

9.20%

2%

1,83,106

1,27,572

99,920

83,422

72,500

64,763

*Interest rates are subject to change following the inclusion of GST from July 1, 2017.

Nainital Bank Car Loan EMI Calculator - Features and Benefits

The Nainital Bank Car Loan EMI Calculator helps customers plan their finances well in advance by giving them accurate results in seconds. Apart from this, listed below are some of the features and benefits of the Nainital Bank Car Loan EMI Calculator

.

  1. The BankBazaar Nainital Bank Car Loan EMI Calculator is unique and advanced as it offers clear and interactive results. There are a few other online EMI calculators that give results in the form of Excel sheets that cannot be comprehended by everybody.
  2. You do not have to make any payment for utilising the BankBazaar Nainital Bank Car Loan EMI Calculator.
  3. Once the calculation has been made, the BankBazaar website displays the amortisation table - a graphical representation of the loan breakup and progress.
  4. On this financial tool, customers can enter different interest rates, processing fees, tenure and so on, to decide which tenure and loan amount will suit their current financial situation.
  5. When you need help with using the calculator, you can approach the BankBazaar customer care centre for instant assistance.

FAQs on Nainital Bank car loan EMI calculator

  • Can I change the tenure and interest rate using the Nainital Bank EMI car loan calculator?

    Yes you can change the interest rate and tenure any number of times using the Nainital Bank EMI car loan calculator.

  • Can you explain what an is amortization table?

    A car loan amortization table displays the breakup of the principal amount, interest rate, the total paid amount, and the outstanding loan balance. It basically a graphical representation of the loan breakup and the loan progress.

  • What information is required when making pre-payments using the BankBazaar Car Loan EMI Calculator?

    The information that you will have to provide has been given below:

    1. How the prepayment applies
    2. Prepayment fee
    3. Prepayment amount
    4. Prepayment frequency
  • What is the formula used to make EMI calculations?

    EMI Is calculated using the following formula:

    EMI = [P x R x (1+R) ^N] / [(1+R) ^N - 1],

    Where, P is the principal amount, R is the interest rate on a monthly basis, and N is the number of installments.

    This formula does not take into account the pre-payments that you make towards the loan.

  • What is the subscription fee for the BankBazaar EMI calculator?

    The BankBazaar EMI calculator is completely free of cost. At no point will customers be charged to use this tool.

  • Is it faster to make EMI calculations manually?

    No, it's not possible to make EMI calculations faster manually than the EMI calculator. Also, making such calculations manually will lead to errors.

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