Car 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.

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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.