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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    SBBJ Car Loan EMI Calculator

    State Bank of Bikaner and Jaipur has a great car loan scheme with low interest rates. The loan product is popular as it requires minimal paperwork. The Bank offers this product in collaboration with the State Bank of India. SBBJ offers upto 85% quantum of finance for the on-road price of a car. Another feature of SBBJ car loan is that it charges no prepayment fees or foreclosure fees.

    How to use BankBazaar SBBJ Car Loan Calculator to understand your Car Loan Repayment

    SBBJ has one of the lowest car loan EMIs in the country. SBBJ Car Loan EMI can be calculated using the EMI Calculator on the website of BankBazaar. Loan aspirants can calculate their EMIs for different tenures, interest rates and loan amounts. It is a simple tool with an interactive interface. BankBazaar also provides an amortization graph with the tool, allowing loan seekers to thoroughly analyse their loan repayment schedule.

    Calculate your Car Loan EMI

    SBBJ Car Loan EMI Calculator - How does it Work?

    You will have to provide certain basic details to calculate your EMIs using the BankBazaar SBBJ Car Loan EMI Calculator. These include:

    • Loan amount - You can drag the pointer on a scale to arrive at the amount of loan you are requesting.
    • Tenure - Drag the pointer to rest at the loan tenure.
    • Interest rate - You will then need to enter the interest rate in the particular field.
    • Processing fee - Enter the processing fee in percentage. The processing fee will be a particular percentage of the loan amount.
    • Pre-payment - There are two options here:
      • If you do not want to make any pre-payment, you can select the appropriate option and click on the ‘Calculate’ button. You will get a page with a breakup of the total amount that you will be paying. The page will also have your car loan details and amortization schedule.
      • If you choose to make prepayments, you will have to provide additional information, such as:
        • Prepayment frequency
        • Prepayment amount
        • Prepayment fee
        • How the prepayment applies

    You can then click on the ‘Calculate’ button to get a detailed breakup of the total amount payable. The page will also show your loan details and amortization schedule in a graph.

    Additionally, the tool provides you some insight on the loan amount and tenure with the option of prepayment and without it.

    • You will now get your results. You will get your monthly car loan EMI. This will be the monthly amount that needs to be paid to your car loan lender. If you want further information, you can click the ‘+’ button. Here, you can see a pie chart with the breakup of the total amount that you will need to pay.
    • You can also check your amortization details below this section. You will get both yearly and monthly details. For your clarity, you can check the bar diagram that will show the principal paid, interest paid, and outstanding loan balance amount.

    Let us analyse the EMIs (for various tenures) on car loans using the BankBazaar SBBJ Car Loan EMI Calculator. The lowest interest rate currently offered by the bank is 9.25% and processing fee is Rs.1,000 for the loan amount up to Rs.6 lakh and Rs.1,500 for loan amount more than Rs.6 lakh. The example below assumes that no prepayments are made towards the loan.

    Loan Amount Interest Rate Processing Fee EMI for 3 Years EMI for 4 Years EMI for 5 Years EMI for 6 Years EMI for 7 Years
    10 Lakh 9.25% Rs.1,500 Rs.31,916 Rs.25,004 Rs.20,880 Rs.18,150 Rs.16,216
    15 Lakh 9.25% Rs.1,500 Rs.47,874 Rs.37,506 Rs.31,320 Rs.27,225 Rs.24,324
    20Lakh 9.25% Rs.1,500 Rs.63,832 Rs.50,008 Rs.41,760 Rs.36,300 Rs.32,432
    25 Lakh 9.25% Rs.1,500 Rs.79,791 Rs.62,510 Rs.52,200 Rs.45,375 Rs.40,541
    30 Lakh 9.25% Rs.1,500 Rs.95,749 Rs.75,012 Rs.62,640 Rs.54,450 Rs.48,649
    35 Lakh 9.25% Rs.1,500 Rs.1,11,707 Rs.87,514 Rs.73,080 Rs.63,525 Rs.56,757
    40 Lakh 9.25% Rs.1,500 Rs.1,27,665 Rs.1,00,016 Rs.83,520 Rs.72,599 Rs.64,865

    SBBJ Car Loan EMI Calculator – Features and Benefits

    The State Bank of Bikaner and Jaipur Car Loan EMI Calculator is a very useful tool as it performs complicated calculations at the click of a button. Some of the key features of this tool include:

    • The tool is very user-friendly and displays EMI and amortization details instantly.
    • In case you face any issues while using the tool, you can get in touch with the customer support team of BankBazaar to resolve the problem.
    • The tool is available absolutely free of cost.
    • The BankBazaar SBBJ Car Loan EMI Calculator displays the breakup of the amount payable and the amortization schedule in an attractive graphical format. Hence, it is very easy to understand as well.
    • The tool can be used multiple times till you arrive at the right combination of tenure and principal, and an EMI that can be afforded.
    • The tool enables you to calculate the EMI even if you intend to prepay a part of the loan.
    • When you are aware of the EMIs that you need to repay, you can choose your loan amount sensibly. This will also help in making your repayments hassle-free.
    • With knowledge about loan EMIs, you can plan your expenses competently. It is always good to select your car loan amount and car loan period after using an EMI Calculator.
    • You can avoid making manual calculations with this calculator. This will eliminate all kinds of errors while computing your loan EMIs.

    SBBJ Car Loan EMI Calculator FAQs

    1. What is the formula for calculating car loan EMI?
      • 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 prepayments that you make towards the loan.
        • What is a car loan amortization table?
        • A car loan amortization table shows the payment schedule of your debt in a tabular format. It displays the breakup of the principal amount, interest rate, the total paid amount, and the outstanding loan balance.

        • Where will I find the EMI calculator on BankBazaar website?
        • You can check out the EMI calculator on the website of BankBazaar by going to the ‘Financial Tools’ section on the homepage.

        • Do I have to login on the BankBazaar website to access the EMI calculator?
        • No, the BankBazaar car loan EMI calculator is 100% free to use. You need not sign up or apply for a car loan to use this calculator. Just visit BankBazaar and access the car loan EMI calculator tool to compute your EMIs.

    Car Loan Reviews

    • State Bank of Bikaner Jaipur Car Loan
      "Two best features"
      0.5 4.0/5 "Great!"
      The two key elements of SBBJ Car loan is nothing but maximum loan amount followed by maximum tenure. The process was very smooth no hassle as such. The biggest advantage was SBBJ was able to provide the maximum tenure therefore I decided to take loan from SBBJ.
      Was this review helpful? 2
      , jaipur
      Reviewed on Sep 10, 2016
    • State Bank of Bikaner Jaipur Car Loan
      "Good for interest rate offer"
      0.5 5.0/5 "Blown Away!"
      I bought a Chevrolet car and it was from the showroom that I got my auto loan financed by State Bank of Bikaner and Jaipur. Their initial rate of interest was 10.12% but on offer price it was reduced to 9.8% which was very much affordable. I had to just go for my signatures on the documents and the rest was taken care of by the bank executive. I paid around Rs.1.75 Lakhs and signed some documents and on the 3rd day I got my car.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 01, 2016
    • State Bank of Bikaner Jaipur Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      On the same day of my approach for the car loan to SBBJ bank they sanctioned 80 % of the amount . The process was very smooth as i have the account with them. Documents were also collected in one day. Interest rate charged was 9.85% interest rate.
      Was this review helpful? 0
      , jaipur
      Reviewed on Apr 21, 2016
    • State Bank of Bikaner Jaipur Car Loan
      "Excellent Services"
      0.5 5.0/5 "Blown Away!"
      Normally we think that nationalized banks are slow in their process. But it was not the case with SBBJ bank. I have taken my car loan from them. It was an excellent process. They completed the loan within two days. I also got a very reasonable rate of interest. And the processing charges was zero too. Overall a satisfactory experience.
      Was this review helpful? 0
      , alwar
      Reviewed on Apr 20, 2016
    • State Bank of Bikaner Jaipur Car Loan
      "Pretty happy and satisfied !"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan from State Bank of Bikaner and Jaipur. The customer service they offered and their responsiveness was awesome. It was a very smooth and swift process. The loan processing and documentation was hassle free and the loan amount was disbursed quickly as well.They did waive off the processing fee as well.
      Was this review helpful? 8
      , new delhi
      Reviewed on Mar 22, 2016
    • State Bank of Bikaner Jaipur Car Loan
      "The best car loan"
      0.5 5.0/5 "Blown Away!"
      First of all, there is no processing fee for SBBJ Car loan. There is no foreclosure charges. The interest rate offered by them is the least in the market which is 9.85% flatFirst of all, there is no processing fee for SBBJ Car loan. There is no foreclosure charges. The interest rate offered by them is the least in the market which is 9.85% flat. They have offered the loan for a period of 48 months. The loan amount is 3 lakhs. I visited the branch with complete documents and within 2 hours the loan was approved. They have offered the loan for a period of 48 months. The loan amount is 3 lakhs. I visited the branch with complete documents and within 2 hours the loan was approved
      Was this review helpful? 0
      , kota
      Reviewed on Nov 14, 2015
    • State Bank of Bikaner Jaipur Car Loan
      "Good rates"
      0.5 5.0/5 "Blown Away!"
      It was a nice experience with State Bank of Bikaner and Jaipur and I have got the car loan within 24hours.The interest rate applied was a good rate and I can make the repayment after the 6months without any charges applied and comfortable mode.The charges applied was quite less.
      Was this review helpful? 1
      , jaipur
      Reviewed on Nov 12, 2015
    • State Bank of Bikaner Jaipur Car Loan
      "Quick Processing!"
      0.5 5.0/5 "Blown Away!"
      I took my car loan with State bank of Bikaner and Jaipur. Within 2 days, my loan application is approved and the loan amount is also disbursed. Required documents like salary certificates, form 16 and bank statements were collected for the loan process.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 02, 2015
    • State Bank of Bikaner Jaipur Car Loan
      "The Best Bank..."
      0.5 5.0/5 "Blown Away!"
      State bank of Bikaner and Jaipur is the best. I got very less interest rate for my car loan. I have a good relationship with the manager. They were also offering other loans. I got this car loan processed in a very short period. EMI dates are comfortable. They allow part payments and fore closure.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 02, 2015
    • State Bank of Bikaner Jaipur Car Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      My Car loan experience with State Bank of Bikaner and Jaipur was not that good. It was my salaried account with this bank and they did not collect any processing charges for the application. The customer service offered was very bad and also there was no proper response from the bank.
      Was this review helpful? 1
      , jaipur
      Reviewed on Jul 23, 2015
    • State Bank of Bikaner Jaipur Car Loan
      "Very Good"
      0.5 5.0/5 "Blown Away!"
      I have taken a Car Loan from State Bank of Bikaner and Jaipur in 2015. The tenure period is 5 years. I have bought a commercial vehicle. The response was really good from the bank as they processed the loan within 7 days after submitting the documents. The processing fee they collected is only Rs 750, interest rate is 13.75% which is less since the loan is for commercial vehicles. Part payment option is available and no charges for pre-closure.
      Was this review helpful? 1
      , jaipur
      Reviewed on Jul 22, 2015
    • State Bank of Bikaner Jaipur Car Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      When I applied for a car loan from State bank of Bikaner and Jaipur the experience was good. They were really quick in processing and were very supportive for availing the loan. The manager is really good. After the loan disbursed the response must be improved. The rate of interest was 11.25% which was reasonable. There was no processing fees. It took 4 days got the loan.
      Was this review helpful? 2
      , udaipur
      Reviewed on Jan 10, 2015
    • State Bank of Bikaner Jaipur Car Loan
      "Great"
      0.5 4.0/5 "Great!"
      My overall experience of availing a car loan from State bank of Bikaner & Jaipur in the month of Jun'2014 was great. It was directly from the showroom I had availed the car loan. They sanctioned my loan on the very next day of documentation and my vehicle was delivered within a week. They offered me the lowest rate of interest and processing fee as well.
      Was this review helpful? 1
      , kolkata
      Reviewed on Oct 14, 2014
    • State Bank of Bikaner Jaipur Car Loan
      "Outstanding service"
      0.5 5.0/5 "Blown Away!"
      I have taken two car loans from State bank of Bikaner & Jaipur and the loans are still running. It is a very good bank and within just two days they approved my loan and delivered the car. Bank people are very nice and they don't harass and the best part is the verification is done by the bank personnel itself. I was recently looking for a personal loan which I would have taken it from this bank If I've had a salary account with them.
      Was this review helpful? 0
      , noida
      Reviewed on Aug 07, 2014
    • State Bank of Bikaner Jaipur Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      State Bank of Jaipur car loan the processing fees is zero and the interest rate is lowest and there is no prepayments charges and foreclosure they don't charge for it, the processing was very good and they created the account in one day and they gave the loan amount in the same day.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Aug 02, 2014
    • State Bank of Bikaner Jaipur Car Loan
      "Excellent services"
      0.5 4.5/5 "Excellent!"
      I took a Car Loan from SBBJ. There services are awesome. First time in my life i saw that is is much more better that a private back. They hardly took 1 day to approve my loan and gave me a sanction letter hand to hand. Never created any problem and it is almost 10 months now... GREAT JOB!!!!!!!
      Was this review helpful? 1
      , new delhi
      Reviewed on Jul 08, 2014
    • State Bank of Bikaner Jaipur Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I was very happy on receiving the car loan from State bank of Bikaner & Jaipur in the month of Feb'2014. It was good banking with them because they processed my loan in just 2 hours on collecting very less documents. The way they treat the customers is very good and the executives are very helpful. Rate of interest is quite good and the processing fees was just rs500. I already recommended the bank to some of my friends.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 13, 2014
    • State Bank of Bikaner Jaipur Car Loan
      "Wonderful job done"
      0.5 4.0/5 "Great!"
      I took the Car loan from State Bank of Bikaner as there was good customer interaction and I felt satisfied about it. I wanted to specify about the interest rate which was low compared with other banks. I went directly to the bank got the draft and submitted to the dealer and the overall process completion was 2 days. Overall experience was wonderful.
      Was this review helpful? 1
      , new delhi
      Reviewed on May 26, 2014
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