कार लोन EMI कैलकुलेटर
Car loan EMI calculator
Check the monthly payment on a new or used car before you visit the showroom.
Runs in your browser · nothing uploaded
Monthly EMI
₹16,607
Total interest
₹1.96 L
Total payment
₹9.96 L
| Year | Principal paid | Interest paid | Balance |
|---|---|---|---|
| 1 | ₹1,32,664 | ₹66,616 | ₹6,67,336 |
| 2 | ₹1,45,109 | ₹54,171 | ₹5,22,227 |
| 3 | ₹1,58,721 | ₹40,559 | ₹3,63,506 |
| 4 | ₹1,73,610 | ₹25,670 | ₹1,89,896 |
| 5 | ₹1,89,896 | ₹9,384 | ₹0 |
How to use it
- 01Enter the loan amount: the car's price minus your down payment.
- 02Set the interest rate your bank quoted and the tenure in years.
- 03Read the EMI, the total interest and the yearly schedule.
₹8,00,000 · 9% · 5 years
EMI ₹16,607, total interest ₹1,96,401
About this tool
Car loans are usually shorter than home loans, commonly three to seven years. Your EMI is P × r × (1 + r)^n ÷ ((1 + r)^n − 1) with the monthly rate r, and the schedule shows how much of each year's payments is interest and how much repays the loan.
The page opens with ₹8 lakh, 9% and 5 years only as a starting point; these are not current offers. Your rate depends on the lender, your credit profile and whether the car is new or used, so replace it with your quote. Processing fees, insurance and other charges are not included.
Everything is calculated in your browser, and nothing is stored. To compare two offers use the loan comparison calculator, and keep the EMI comfortably inside your monthly budget.
हिंदी में मदद
कार लोन की रकम (कार की कीमत में से डाउन पेमेंट घटाकर), बैंक की ब्याज दर और अवधि डालें और मासिक EMI व कुल ब्याज जानें। पेज पर भरी रकम और दर सिर्फ़ शुरुआती उदाहरण हैं, मौजूदा ऑफ़र नहीं। अपने बैंक की दर डालें।
Questions
How is a car loan EMI calculated?
EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where P is the loan, r the monthly rate (yearly ÷ 12 ÷ 100) and n the months. ₹8,00,000 at 9% for 5 years is about ₹16,607.
Is 9% the current car loan rate?
No, it's just a starting value. Car loan rates vary by lender, profile and whether the car is new or used. Enter the rate in your quote.
How much down payment should I make?
A larger down payment lowers the loan and the interest. Enter the car price minus your down payment as the loan amount.
Does the EMI include insurance and fees?
No. Processing fees, insurance and other charges are separate and change your total cost.