EMI Calculator
Adjust the sliders to estimate your monthly payment
This calculation excludes processing fees, GST, and insurance. Actual EMI may vary based on your credit profile and lender policy.
Monthly EMI
₹21,247
For 5 years · 10% p.a.
Why choose MeraEV for your car loan?
Built for EV buyers. Best rates. Zero paperwork hassle.
2-Min Approval
Instant eligibility check. Get a pre-approved offer in minutes, not days.
Lowest Rates
Interest rates starting at 7.5% p.a. for EVs. Compare 25+ banks in one place.
100% Paperless
Upload documents online. Digital KYC. No branch visits required.
RBI Registered
All partner banks are RBI-registered. Your data is encrypted and safe.
₹1.5L Tax Benefit
EV buyers get income tax deduction under Section 80EEB on loan interest.
24hr Disbursal
Loan approved today, money in your account tomorrow. Fastest in India.
How it works
From application to car keys in under 48 hours
Calculate EMI
Use our free calculator to find your ideal monthly payment
Submit Details
Fill the simple form. Name, mobile, city. That's it.
Compare Offers
We'll share your details with 25+ partner banks for the best rate
Drive Away
Pick the best offer, sign digitally, and drive home your EV
Get Instant Loan Offers
Compare 25+ banks · Your EMI: ₹21,247/mo
Frequently Asked Questions
Everything you need to know about car loans
EMI is calculated using the reducing balance formula: P × r × (1+r)^n / ((1+r)^n - 1), where P is the loan amount, r is the monthly interest rate, and n is the number of months.
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