Car Loan EMI Prepayment Calculator | How to Save Car Loan Interest Amount | Save Loan Interest
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2 жыл бұрынCar Loan EMI Prepayment Calculator | How to Save Car Loan Interest Amount | Save Loan Interest
In this video by FinCalC TV, we will see how to calculate Car loan EMI and interest using Excel Calculator formula examples in hindi, save Car loan interest using prepayment and Car loan principal & interest amounts calculation excel sheet prepayment option. We will also see how you can save Car loan interest by Car loan repayment calculation. We will also see how interest and principal amounts of Car Loan EMI will be calculated. Car loan EMI can be increased to reduce the total interest.
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After watching this video following queries will be solved:
How to calculate Car loan EMI?
How to Save Car loan interest?
How to calculate Car loan EMI in excel sheet?
What is Car loan EMI calculation excel formula?
What is Car loan EMI calculation formula?
How to reduce Car loan interest?
Loan prepayment excel examples to save loan interest?
Car loan prepayment or repayment options?
Principal and interest amounts of Car loan emi?
Benefits of Car loan prepayments?
CHAPTERS:
00:18 Car Loan EMI Prepayment Intro
01:05 Car Loan Excel Calculator Download
02:59 What is Car Loan Prepayments Benefits?
03:35 What is Loan EMI?
04:18 Factors affecting Loan EMI
04:40 Car Loan Excel Calculator examples
05:42 Loan EMI formula in EXCEL
07:06 Loan Interest Calculation formula
07:45 EMI Principal Amount Calculation formula
10:48 Total Interest Calculation in Loan
11:47 Loan Prepayments Calculation formula
12:55 Updated Interest after prepayments
13:19 Savings due to loan prepayments
What is Car Loan EMI Calculator?
Car Loan EMI Calculator assists in calculation of the loan installment i.e. EMI towards your Car loan. It an easy to use calculator and acts as a financial planning tool for a Car buyer.
What is Car Loan EMI?
EMI stands for Equated Monthly Installment. It includes repayment of the principal amount and payment of the interest on the outstanding amount of your Car loan. A longer loan tenure (for a maximum period of 30 years) helps in reducing the EMI.
How does EMI calculation help in planning the Car purchase?
Car Loan EMI calculator gives a clear understanding of the amount that needs to be paid towards the EMIs and helps make an informed decision about the outflow towards the car loan every month. This helps estimate the loan amount that can be availed and helps in assessing the own contribution requirements and cost of the property. Therefore knowing the EMI is crucial for calculation of Car loan eligibility and planning your Car buying journey better.
Factors that Affect Car Loan EMI
Principal- The principal is the loan amount that you avail from the lender. It is directly proportional to your EMIs - lower principal will lower your monthly instalments and vice versa.
Rate of interest- The rate of interest is the rate at which the lender offers you the loan. It is also directly proportional to the value of your loan EMIs.
Tenure- The tenure is the time within which you repay your loan. The tenure is inversely proportional to your loan EMIs - longer tenure makes the monthly instalments cheaper and vice versa.
How do part-prepayments impact your EMIs?
Part-prepayment brings down the principal amount, which in turn lowers the interest amount that you have to pay, which results in lower EMI amounts overall.
#LoanEMICalculator #LoanPrepayment #CarLoan #EMIExcelFormula #Excel #Calculator #FinCalCTV
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DISCLAIMER:
Examples used are for Illustration purpose only and might not cover every detail of examples shown. It is advised to seek professional help before taking any financial decisions. The owner of this channel shall not be liable in any way.
@fincalc 2 жыл бұрын
More videos: SIP Calculator: kzfaq.info/get/bejne/b96bhpql2Jqvppc.html Home Loan Prepayment: kzfaq.info/get/bejne/os93msmYstSZqJs.html 20 Years SIP Returns: kzfaq.info/get/bejne/Zp5ohpWL0J3XiYk.html Income Tax Calculation: kzfaq.info/get/bejne/o91dmNV32r_Gn4E.html PPF Calculator: kzfaq.info/get/bejne/kLSWi5OjttHGgH0.html
@rishibasu05 Ай бұрын
very easy to understand and i was able to do the calculations quite easily . Only one thing that you may want to add - most bank add a charge if you want to pre-pay loan in the first 24 months of loan tenure, around 5% of the outstanding principal at the time of pre-payment. That amount should be taken into consideration as then the total savings at the end is reduced. But still one still gets the benefit of decreased tenor and some savings definitely.
@ankitjha9245 11 ай бұрын
Very informative video, thank you so much for sharing such a nice content in easy language.
@karthikgln 2 жыл бұрын
Good Information Bro, Thanks for sharing from AP.
@alokranjansingh20 Жыл бұрын
A well explained video. Your way of explaining is excellent. Thank you so much 😊
@fincalc Жыл бұрын
thank you so much for your comment :)
@VKlifeenjoy Жыл бұрын
Very informative video
@onkarsingh4651 2 жыл бұрын
Thank you bro❤
@biplabnaik7086 9 ай бұрын
Great bro......
@NikhilSharma-mu8vt 2 жыл бұрын
Best video I have ever seen on loan calculation thanks helped a lot🤩
@fincalc 2 жыл бұрын
Glad it was helpful. Share with your friends 👍🙂
@NikhilSharma-mu8vt 2 жыл бұрын
@@fincalc already did😊
@mehulsonara1964 2 жыл бұрын
Awesome
@NinadKhaire 2 жыл бұрын
Really usefull content! 🙏
@fincalc 2 жыл бұрын
Glad it was helpful!
@satyendraambegaonkar8665 2 жыл бұрын
Best video on car loan repayment
@fincalc 2 жыл бұрын
Glad you liked it
@AnimalsCasa 2 жыл бұрын
Bhai..15.03 minute me jo aapne bola 28th month me hi loan khatam ho jayega. Loan or interest nil ho jayega? Principal amount bhi Zero ho jayega kya? Nice video.
@kapilsharma6046 2 жыл бұрын
dhanyawad bhai
@fincalc 2 жыл бұрын
Welcome
@jaythakkar8117 4 ай бұрын
Amazing content 🙏🏻❤️
@fincalc 4 ай бұрын
Thank you 🙌
@shoaibdefy 2 жыл бұрын
Sir.. Please give the excel sheet for simple interest.. For a bank employee taking loan from its own bank..
@sarvjeetsingh2407 Жыл бұрын
From the link not being able to download excel calculater.. After filling name n email id asking failed to submit contact administrator
@VishalKumar-gb2if 2 жыл бұрын
Sir kindly share the information about how to get back TCS which paid while buying new car, in income tax rebate
@hexabuddy4938 Жыл бұрын
there no availbe excel file for download
@user-nu1er9ii9g 5 ай бұрын
sir maine 6 lack ka ncar loan liya tha 8.75 % ki dar par 5 year ke liye uss 5 emi bhar di abh main 2lack pre payment karna chahta hu to mere ko kitna benifit ho ga 13000 pe month eme hai
@monicatunar9449 2 жыл бұрын
Dos Muje ek Tata 407 Lena hn... down payment 5lakhs 4yrs ki emi Diya hua hn kse calculate kare
@afa340 Жыл бұрын
I buy car in 2020 December,for 7 years tenure,and pricipal i paid was 80k,now currently in 2023 my intrest amount is 4424,so my question is if i deposit more money in my loand account like EMI+50000,will it benifit me if i do it once . please help
@josnaparmar6741 9 ай бұрын
Hum log 1 month ke bad 850000 ka sweft dizair lene wale finance bank se or down payment 200000 hai to kya hum every 6 mouth 50000 extra pay karenge to PESA bachega kya hamara
@NishantSingh-oq5ci Жыл бұрын
ish month car loan liya ...agle mahine mei kuch paisa hone pr prypayment krne mei kya fayda h.
@shobhaterdal2719 Жыл бұрын
Sir, car loan income tax exemtion hota hai ya nahi
@ashokdhruw8326 2 жыл бұрын
Sir sbi se home loan liya hu one month emi due ho gya hai but salary nhi dal paa rha hai
@ajayojha621 5 ай бұрын
Sir car loan 7 year ka h 5 year m close kr sakte h
@kirankumarsp15 23 күн бұрын
Hi, Could you share me the car loan Excel Sheet.
@mastivlogs8717 Жыл бұрын
Sir.. Please give the simple interest.. taking loan 2nd car loam . from its own bank.
@sskk1503 2 жыл бұрын
please guide me. if prepayment of all amount ,we done after 6tn month. is it good ?
@fincalc 2 жыл бұрын
yes that would be great to close your loan account
@rajeshkumarsingha8129 2 ай бұрын
Thank you so very much sir ji... 🙏😇😴🧠🤴👸👋👌🤝☂️👏🇲🇰💯🇮🇳🎓🎂🎉🎁🌈❤👑
@fincalc Ай бұрын
Most welcome
@bhavinsoni9838 Жыл бұрын
Hello sir mera 48 year ka lone hai but exel me 35 tak hi a raha hai 48 tak kase kr help kr dona
@ithemickey 2 жыл бұрын
Car loan EMI calculator does not include pre payment option. Could you please share the link to download the Excel of Car loan with prepayment .
@fincalc 2 жыл бұрын
updated the file with prepayment option. please check fincalc-blog.blogspot.com/2021/09/car-loan-emi-calculation-method-India-excel-video.html
@ithemickey 2 жыл бұрын
@@fincalc Thanks a lot
@fincalc 2 жыл бұрын
@@ithemickey no problem 👍🙂
@ramessharma Жыл бұрын
@@fincalc excel file download krne to do direct video ni chaiye... file ka link do direct
@shariqqureshi7392 6 ай бұрын
In some time I am financing my car, so two things i am focused on force closure (there are some penalties+ GST) and secondly part payment possible after 1st year only that too maximum 25% on principal, and a bank employee said part payment will minimise your tenure but actual interest will be 2-3% higher on given ROI, so conclusion if u taking loan for 3 years so pay in 3 years or else your given interest rate will be higher as in beginning they'll take their profit(interest) and last emi are mainly your principal (which is like your real money you borrowed) bankers aren't fool to let you win this battle... If 9% ROI you had in beginning will end up 14-15% easily if you force close. All above knowledge I got in few days before applying loan, and I may be wrong... Please correct me, as safer side I am taking some 6-12 months longer duration for pay back... But I'm sure I'll get rid of loan way earlier.
@fincalc 6 ай бұрын
why 9% rate will increase to14-15% rate? if it happens due to rise in interest rates than it's fine but if happening due to prepayment than increase in rate is incorrect
@tanazkapadia619 2 жыл бұрын
Ek bat samajh nahi aayi agar mene 50000 ka pre payment kiya to Mujhe last ke 3 installment nahi bharne pade Matlab Aprox. 48000 bahe To 12000 ka saving kaise hua
@sellychandan 2 жыл бұрын
I have given pre payment of my car load. But still I am seeing the duration and emi value not change in my bank account.how long it will take
@fincalc 2 жыл бұрын
It should change once the prepayment amount is processed.. probably by next working day of prepayment. Please check with bank
@zachariahanse10 Жыл бұрын
I paid 2lakhs to showroom for down-payment Car loan amount rs. 538349 So how to calculate The interest takes 15% ? So please
@ashishjain2345 3 күн бұрын
information is good but your calculator is not downloaded
@amansrivastava3081 11 ай бұрын
prepayment charges agar ho to kaise karenge??
@shubhendrasingh9921 2 жыл бұрын
But you did't consider the PENALTY on PrePayment and +GST, Like SBI took 1% Penalty + GST on PrePayment, ,, Saving will not be 12342 at @13:30 ,,, According to me Saving will be 12342 - 9500=2842 ,, (I just took example of SBI ),, Correct me if I am wrong ? 50000*(1% Penalty + 18 % GST )=9500
@ashwinkumarmaurya4412 2 жыл бұрын
18% gst will be on penalty of 500 not 50k i think
@harshalshekharjha5669 Жыл бұрын
Foreclosure kitne time me Kiya tha,Anyday foreclosure after 2yrs has NO penalty. Was the timeline before 2yrs?? Or after?? Agreement me kya mentioned tha???
@d-wamps6218 Жыл бұрын
You are right
@SonuRapstar 5 ай бұрын
Maan lo hum 100000 prepayment ki jagha fd me bhi invest kr dete h to 3 saal me 7% se 21000/- rs earn kr sakte hai aur ye hi same amount hum prepayment krte h to uspe 5% charges bhi paid krna padega then uske baad jo saving interesy bachega lagbhag same ho jayega.... To kaan ek taraf se pakdo ya dusre side se baat same hi hai... 😂 Thank you for your informative video...
@abdulmateen00786 9 күн бұрын
Zero fee pre payment
@Mdwasim0590 2 жыл бұрын
Prepament ke charge bhi to lagta hai
@gauravgautam4832 Жыл бұрын
But sir, pre repayment penality ka kya ??
@6387vickypatel 11 ай бұрын
Pre-Payment me EMI kam karvane se koi benefit hoga ya Tenure kam karvane se benefit hoga?
@thejack0037 6 ай бұрын
Tenure
@Forbhaskarm07 Ай бұрын
Link to download Excel file brings the control back to the same page. There is no Excel to download.
@fincalc Ай бұрын
fill this form to download car loan excel calculator: fincalc-blog.in/car-loan-emi-calculation-method-india-excel-video/#htoc-download-car-loan-emi-calculator hope this helps
@devilboyz5238 5 күн бұрын
Bhai 50000 deke 3 mahine ka EMI kum hogya but agar mai nahi deta 50000 to 45000 hi dena padta vo bhi 15000 per month to kya faida hau 50000 ka prepayment karne ka
@deenuist Жыл бұрын
from were download
@sandeepsharma9173 2 жыл бұрын
Car loan auto debit h to kya hum monthly kuch extra pay kr skte h agr ha to kaise kre kyunki loan to auto debit h
@fincalc 2 жыл бұрын
Bank me jakar extra payments kar sakte hai
@letmeknowmore6697 10 ай бұрын
NOT FIND EXCEL FILE FOR CAR LOAN
@puneetsharma9962 5 ай бұрын
But You haven't explain the difference if we reduce the EMI instead ??
@amitsinha6572 Ай бұрын
Prepayment me penalty lagta hai.. wo kon consider krega?
@aksharabodduna9719 Жыл бұрын
One thing here confirm 5 month me prepayment 50000 add kiya na 5 month ka emi bi pay karna hi kya.. Ex: 15899.87 + 50000 I think only 50000 isme se emi cut hoga right . So here we adding 34100.13
@fincalc Жыл бұрын
no, EMI is separate, 50,000 separately add karke loan amount kam kar sakte ho
@aksharabodduna9719 Жыл бұрын
@@fincalc iam not finding calulater
@aksharabodduna9719 Жыл бұрын
@@fincalc @FinCalC TV 50000 prepayment karvaneke badh 3 maine bach gaya.. 16000×3 EMI = 48000 .. What was we getting extra benefit here < in 32 month princple amount is 1247 and we r paying full EMI for this 1247 amount Thoda sa confuse kindly clear
@fincalc Жыл бұрын
@@aksharabodduna9719 ye video dekho home loan ke related hai. Lekin car loan ke liye bhi applicable hai kzfaq.info/get/bejne/rLWid7CWy7vWdJc.html
@bharathk5441 2 жыл бұрын
Hi sir How to fix EMI values same for tenure can you help me out what is the excel formula how to fix
@fincalc 2 жыл бұрын
You can copy the value of emi and paste in the remaining cells throughout tenure
@teji0111 Жыл бұрын
unable to download car loan calculator from ur site.... pls resolve the issue and update
@fincalc Жыл бұрын
issue is solved now, please check. thanks for informing
@singhsubash9562 Жыл бұрын
Personal lone ka batadeje
@fincalc Жыл бұрын
ye video dekho kzfaq.info/get/bejne/mseDqrSYnrWmo30.html
@CrazeVideoz 2 жыл бұрын
There is no excel file available for download
@fincalc 2 жыл бұрын
you can download car loan excel from here fincalc-blog.in/car-loan-emi-calculation-method-india-excel-video/
@deenuist Жыл бұрын
sir Car EMI excel calculator is not open
@fincalc Жыл бұрын
Check again
@bhuphendrasinghchandrawat4034 3 ай бұрын
Agar fix ho to kya kre
@travelpartner7619 4 ай бұрын
Hi Can you please send that excel sheet file Thanks in advance
@fincalc Ай бұрын
fill this form to download excel: fincalc-blog.in/car-loan-emi-calculation-method-india-excel-video/#htoc-download-car-loan-emi-calculator
@arpitsingh1022 5 ай бұрын
Meri bank ma to pre payment ka option hi nhi hai
@sahibsinghmarwah6872 2 жыл бұрын
Bht kahani bnatey ho sedhi bat ki vedio bnya kriye u hv good potential
@fincalc 2 жыл бұрын
Theek hai dhyan rakhunga 👍
@antriksh8571 3 ай бұрын
Excel sheet link
@fincalc Ай бұрын
fill this form to get excel fincalc-blog.in/car-loan-emi-calculation-method-india-excel-video/#htoc-download-car-loan-emi-calculator
@SwapnilKhaire-mr1fr 9 ай бұрын
Not able to download excel
@fincalc 9 ай бұрын
What is the issue?
@josnaparmar6741 9 ай бұрын
200000 download paymant hai or 15300 60 emi hai please gide me how to i pay pre paymant
@josnaparmar6741 9 ай бұрын
Ripley me please
@pankajsaikia7190 Жыл бұрын
Sir 910000 rupees loan me kitna emi hona sahiye 7.6 interest rate me..
@pankajsaikia7190 Жыл бұрын
Traneur 5 years ka
@fincalc Жыл бұрын
Car loan calculator check Karo EMI ke liye. Link: fincalc-blog.in/car-loan-emi-calculator/
@pankajsaikia7190 Жыл бұрын
Sir mera emi 20930 bola he per month. Is it correct
@pankajsaikia7190 Жыл бұрын
Lekin emi calculator me 18278 per month but dealer se bola 20930 per as per interest rate 7.6 per annum
@fincalc Жыл бұрын
@@pankajsaikia7190 dealer ko pucho emi kaise calculate Kiya hai? Kyuki 18278 correct emi hai
@pradeepkumar-ds8kq Жыл бұрын
Value drag nhi hoti esme
@rohanpawar9395 10 ай бұрын
very complicated.
@MehulShihora Жыл бұрын
Nahi ho raha he bhai download
@fincalc Жыл бұрын
yaha se try kiya? fincalc-blog.in/car-loan-emi-calculation-method-india-excel-video/#htoc-download-car-loan-emi-calculator
@sonukumar1623 2 жыл бұрын
अशोक लीलैंड बड़ा दोस्त पर वीडियो बनाइए
@noormasalewale1418 9 ай бұрын
Itna excel me magz mari krne se Acccha emi calculator download kr lo
@riteshpoza Жыл бұрын
Repayment schedule of bank and your excel does not match. Please help me. I can mail it you. Please give me your mail ID.
@simranmalka2151 Жыл бұрын
Sir mane car loan par li thi 4 saal tak ki kishat thi abhi 4 month ho chuke ha mane time par kishat di thi or mane loan close karwana ha oske bare me jaruri baat karni thi apse apna number send krna sir
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