Car Loan EMI and On-Road Price
Car loans are typically offered on the ex-showroom price, not the on-road price. The on-road price includes RTO registration (8%-12%), first-year insurance (3%-4%), and any accessories.
Your down payment usually covers RTO and insurance, while the loan covers the vehicle cost. A larger down payment reduces your EMI and total interest paid.
Frequently Asked Questions
Does a car loan cover RTO and insurance?
Most car loans cover only the ex-showroom price. RTO registration and first-year insurance are typically paid from your down payment.