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Car loan payment and total cost

Repo-linked (EBLR): your rate rises by the same 0.25% at the next reset date, unless your lender holds back some of it. Resets happen at least once every three months, so expect the change within about three months of 7 October.
MCLR-linked: your lender's own cost of funds drives the rate and it resets on its own date, often every six or twelve months. The effect arrives later and may be smaller. Our guide to [[blog:eblr-vs-mclr-home-loan|EBLR and MCLR]] explains the difference.
Fixed rate: nothing changes until the fixed period ends.

See the monthly payment, the interest, and the full cost of a car loan, including sales tax.

Estimate. Fees, add-ons and insurance are not included. Your lender sets the final figures.

Common questions

How is a car loan payment worked out?

Loan amount, rate and length set it. Sales tax is usually added to the amount you borrow.

Is a shorter loan better?

It raises the monthly payment but cuts the interest.