EMI: ₹
Interest Payable: ₹
Total Payable: ₹
- Interest Payable
- Principal Loan Amount
How to use the car loan EMI calculator
Move the sliders or type exact values for the loan amount, interest rate and tenure. The EMI, total interest and total payable update instantly, so you can compare different loan options before you visit a dealership.
Wondering what the car will really cost to run? Try the cost per km calculator — it adds fuel, service and insurance to your EMI.
Frequently asked questions
How is car loan EMI calculated?
EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is the loan amount, r is the monthly interest rate (annual rate ÷ 12 ÷ 100) and n is the number of monthly instalments.
Does a longer tenure reduce my EMI?
Yes, a longer tenure lowers the monthly EMI, but you pay more total interest over the life of the loan.
What is a good down payment for a car loan?
Most buyers pay 10–20% of the on-road price upfront. A larger down payment reduces the loan amount, EMI and total interest.