This tool will help you find out how much loan can you get for your
dream car.
Your loan eligibility depends on the down payment and the future
monthly payments you can afford.
The actual amount you get depends on the lender's assessment of your
credit profile and the car model you are buying among other factors.
The basic rules are:
(a) Down payment should be more than the margin
money required by the lender
(b) For the same monthly payment the loan
eligibility increases
if the interest rate is lower
if the tenure is longer
if the reducing balance frequency is
shorter
