Term Insurance Plans
Income Based Term Plans
Term Insurance Coverage Options
Term Insurance for EveryOne
Term Insurance For Coverage for all Ages
Term Insurance Calculator
Term Insurance Riders
Savings Plans
ULIP Plans
Guaranteed Returns Plans
Term Insurance Plan
Life Insurance Rider
Group & Corporate Life Insurance Plans
Child Insurance Plans
Insurance Calculators
Investment Calculators
Financial Planning Calculators
Health Calculators
Expert Resources
Knowledge Centre
Claims
Download Section
Reach Out to Us
Choose a Time Slot
Let Us know a suitable time for you.
Ask an Expert to Buy Life Insurance
We're happy to know that you're prioritizing your family's future. Our life insurance expert will assist you in finding the best insurance plan. To schedule a call, please share some of the below details.
Male
Female
Other
Thank for submitting your details
Your insights play a crucial role in helping us improve and enhance our services.
Car Loan EMI Calculator
If you are planning to get a car loan to buy a new car, it is best to be aware of the repayment commitments you will be facing in the future. A car loan EMI calculator can help you in this regard. It is an online tool that you can use to calculate the potential EMIs for the car loan you have in mind. Enter the loan amount, interest rate, and tenure. You will get a clear estimate of your monthly EMI amount in a matter of seconds.
Here are several ways this EMI calculator can assist in your car-buying journey.
How do Retirement Calculators work?
Month | Principal Paid | Interest Charged | Total Payment | Balance |
|---|---|---|---|---|
| Aug ‘25 | ₹16,331 | ₹8,000 | ₹24,332 | ₹11,83,668 |
| Sep ‘25 | ₹16,440 | ₹7,891 | ₹24,332 | ₹11,67,228 |
| Oct ‘25 | ₹16,550 | ₹7,781 | ₹24,332 | ₹11,50,678 |
| Nov ’25 | ₹16,660 | ₹7,671 | ₹24,332 | ₹11,34,017 |
| Dec ‘25 | ₹16,771 | ₹7,560 | ₹24,332 | ₹11,17,246 |
| Jan ‘25 | ₹16,883 | ₹7,448 | ₹24,332 | ₹11,00,362 |
| Feb ‘25 | ₹16,995 | ₹7,335 | ₹24,332 | ₹10,83,366 |
| Mar ‘25 | ₹17,109 | ₹7,222 | ₹24,332 | ₹10,66,257 |
| Apr ‘25 | ₹17,223 | ₹7,108 | ₹24,332 | ₹10,49,034 |
| May ‘25 | ₹17,338 | ₹6,993 | ₹24,332 | ₹10,31,696 |
| Jun ‘25 | ₹17,453 | ₹6,877 | ₹24,332 | ₹10,14,242 |
| Jul ‘25 | ₹17,570 | ₹6,761 | ₹24,332 | ₹9,96,672 |
As you can see, the interest portion gradually decreases while the principal portion increases, even though the EMI remains constant throughout the loan tenure.
With a car loan monthly EMI calculator, you can generate the full amortisation schedule for all 60 months in an instant.
Here’s how you can use the IndiaFirst Life car loan EMI calculator.
You might not need a guarantor for your car loan if you have a good credit score and the loan amount is not large.
The tenure for a car loan in India depends on the applicant. However, the typical tenure is usually 1 to 7 years. It may stretch longer for a large loan amount or if the borrower has opted for it. You can also reduce your tenure by prepaying the loan. A car loan EMI calculator can help you choose the best tenure based on your financial situation.
Your home loan EMIs usually start after the loan has been sanctioned. Regardless, it is best to reach out to your lender to get clarification about this matter.
Your EMIs are fixed throughout the tenure. The EMI amount set during the car loan application process remains the same throughout the entire repayment period. It might change in case of prepayment or other specific cases. That is why it is advisable to use the car loan EMI calculator and choose an appropriate amount at the start.
An EMI calculator works assuming a fixed rate of interest over a period. As the interest changes in a floating interest rate scenario, it may not fit into the EMI calculation formula. To get EMI estimates for a floating interest rate, it is advisable to consult the lender. You will also receive an amortisation schedule when you apply for a loan.
Yes, the car EMI calculator works for both new and used car loans. Just input the correct loan amount, rate, and tenure to get clear estimates for your second-hand car loan.
Yes, it may be possible for you to get a loan against your life insurance plan, using the policy’s accumulated cash value as collateral. However, it is important to read through the related terms and conditions when you buy life insurance plans and/or apply for a loan.
View All
T&C Apply. Pension Equity Fund (SFIN: ULIF028210725PENEQTYFND143). For more details, please visit the product page for IndiaFirst Smart Retirement Plan (UIN: 143L076V01)
Thank you for subscribing to Life+ Newsletter!
Keep an eye on your inbox-great things are coming your way
BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS/FRADULENT OFFERS
IRDAI or its officials do not involve in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.
Follow Us
Registered Office
12th and 13th Floor, North [C] wing, Tower 4, Nesco IT Park, Nesco Center, Western Express Highway, Goregaon (East), Mumbai – 400063.
IRDAI Information
IRDAI Regd. No. 143 | CIN: U66010MH2008PLC183679Trade logo displayed above belongs to one of our promoters and shareholders, Bank of Baroda and are used by IndiaFirst Life Insurance Company Limited under License.
For more details on risk factors, associated terms and conditions and exclusions please read the product brochure before concluding a sale.
Customers 
Distributor 
Partner with Us 
Employee 
