3 Practical Examples on SBI Car Loan Interest rate Calculator [Free Excel Calculator]

Written by Sravan

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The Top features of SBI car loan are as follows.

The State bank of India (SBI) designed various schemes as per the needs of the customer with various interest rates.

Check it now..!!

The SBI car loan interest rate for different types of schemes are as follows

Let’ see, SBI Car Loan Interest rate Calculator in Excel format.

Not only that I will also explain in detail about how to use this Excel sheet to calculate your Monthly EMI, Interest portion, Principal portion as well. You can do this process, simply by entering 3 fields as per your needs.

Step 3:
Now, you need to enter the Loan tenure.
As the maximum loan tenure is 7 years, i considered it in months i.e. for 84 Months.

Step 4:
Later on, you don’t need to enter any of the other fields like
– Total Interest payable
– Total amount payable

Your computation is now Ready ๐Ÿ™‚

Step 3:
Your computation is Ready ๐Ÿ™‚

Step 3:
Your computation is Ready ๐Ÿ™‚

Author is a Qualified CMA with rich industry experience for more than 6 years. He is an All India Ranker (AIR-101) in CMA and also a Semi-Qualified Chartered Accountant having a quite good experience in teaching the subjects of Accounting and Costing to the commerce aspirants.

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