Your EMI depends on three numbers: the loan amount, the interest rate and the tenure.
## Tenure
Longer tenure lowers the EMI but raises total interest. On a 15 lakh loan at 9.5 percent, moving from 48 to 84 months costs about 2.9 lakh more.
## Down payment
Every rupee down saves you interest at your loan rate. Twenty percent is the usual sweet spot.
## Try it
Our finance page lets you compare a loan and a lease on the same car in seconds.
