How to calculate EMI on subsidized car loans using car loan EMI calculator?

Want to buy your own car, but don’t have sufficient funds for it? You can take the help of the car loan EMI calculator on the websites like,,, etc. Here you can instant quotes for all your loan needs. You can also compare the rates and EMI amount of the different banks offering car loans.

Applying for a car loan requires a lot of research and understanding. The borrower has to understand each and every aspect of the loan proceedings to get the right car loan. The most important calculation that you have to make is the EMI amount you’ll be needed to pay on a regular basis. Car loan EMI calculator will help you do that readily.


How to calculate EMI on subsidized car loans?

If the government is subsidising the loans on the cars like on electric vehicles then you have to calculate the EMI according to the subsidized rates of interest. When the government subsidizes a loan, the interest portion of the loan is subsidized. So you can calculate the EMI using the car loan EMI calculator and entering the reduced interest rates.

Now you can calculate the EMI using the car loan EMI calculator which will give you the EMI along with the monthly and the yearly breakup of the principal amount and the interest amount. Let us take an example to understand this better.

Suppose that the interest rate in the market for the car loans is 10%. Now if the government gives you a subsidy of say 2%, the net interest rate becomes 8%. You have to use this 8% as the interest rate in the car loan EMI calculator along with the other variables such as the loan amount, tenure, and other details to get the EMI.


EMI can be calculated using different methods like the flat rate method or the reducing balance method. These methods employ long and tedious formulae which are difficult to be understood by the common man who wishes to avail a loan. Car loan EMI calculator comes to the rescue in such cases. EMI calculator is an online tool which helps you to calculate the amount you will be required to pay on a monthly basis if you take the loan.

Loans have become a crucial part of everyone’s life. They can be a car loan, home loan, education loan, etc. With loans, we are able to achieve some of the important life goals.

There are many websites which provide car loan EMI calculator free of cost. The best among them is the one provided by The best thing about the EMI calculator of this website is that it has a user-friendly interface and shows the accurate results within fractions of seconds. The EMI calculator on provides amortization tables also along with the information about the EMI installments and the breakup of the payments. Car loan EMI calculator works for different categories of loans and is quite convenient to use. It also shows a graphic representation of the EMI installments.

Do not trouble yourself by searching for the car loan EMI calculator everywhere on the Internet. You have reached the right place. Just use the car loan EMI calculator on and experience the best results.

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