How much is the difference between the EMI estimated by the car loan calculator and the actual EMI quoted by the lender?

The EMI estimated by the car loan calculator is based on three variables: the loan amount, the rate of interest, and the loan tenure. The EMI quoted by the lender is dependent on several other factors such as your credit history, whether you live in a rented house or an owned house, the down payment you make, your occupation, and so on.