DBS Bank Car Loan EMI Calculator
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DBS Bank Car Loan Features
Key Features
- Private sector bank (formerly LVB)
- Senior citizens get preferential rates for tenures of 181 days and longer
- Digital banking services (digibank)
- Online FD booking facility
- Competitive interest rates
- Wide range of banking products and services
- Rates effective from November 14, 2025
Eligibility Criteria
Car Loan EMI Calculation Formulas
Mathematical formulas for calculating car loan EMI, interest, and total cost.
EMI = [P × r × (1 + r)^n] / [(1 + r)^n - 1]Example:
₹8,00,000 car loan at 12% annual rate for 5 years
Variables:
Total Cost = EMI × n + Down PaymentExample:
₹17,796 EMI for 60 months with ₹2,00,000 down payment
Variables:
These formulas provide the mathematical foundation for the calculations. Actual results may vary based on rounding, compounding frequency, and specific lender policies.
DBS Bank Car Loan FAQ
Everything you need to know about DBS Bank car loan EMI calculation, interest rates, and loan planning
What is a car loan and how does it differ from personal loans?
A car loan is a secured loan specifically for purchasing vehicles. The car itself serves as collateral, which typically results in lower interest rates compared to personal loans.
Key Features: Secured loan, lower interest rates, longer tenure (up to 7 years), specific vehicle purchase purpose, and faster approval for new cars.
What factors affect my car loan interest rate?
Several factors determine your car loan interest rate:
- Credit Score: Higher scores (750+) get better rates
- New vs Used Car: New cars typically get lower rates
- Loan-to-Value Ratio: Higher down payment = lower rate
- Income Stability: Salaried vs self-employed applicants
- Car Brand & Model: Premium brands may get better rates
- Loan Tenure: Shorter tenure may have lower rates
Pro Tip: Make a higher down payment (20-30%) to get better interest rates and reduce your EMI burden.