🚗 Loan Calculator

Car Loan EMI
Calculator

Calculate your car loan EMI instantly. Know your monthly outgo, total interest, and plan your car purchase confidently.

9–12%Typical car loan rates

5–7 yrsStandard tenure

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Car Loan EMI Calculator

EMI & interest estimator

Loan Amount (₹)

Interest Rate (% p.a.)

7%9%20%

Loan Tenure (Years)

1yr5 yrs7yrs

Monthly EMI

₹0

Total Payment

₹0

Total Interest

₹0

Principal Amount

₹0

Interest %

EMI Formula

Standard EMI Formula

EMI = P × r × (1+r)ⁿ / [(1+r)ⁿ − 1] P = Loan amount | r = Monthly interest rate | n = Total months

What is the down payment for a car loan?▼

Typically 10–20% of the car's on-road price. A higher down payment means lower EMI and total interest.

Can I get 100% car loan financing?▼

Some banks offer 100% on-road price financing for salaried individuals with excellent credit scores, though this is rare.

What affects my car loan EMI?▼

Loan amount, interest rate, and tenure. A shorter tenure means higher EMI but less total interest paid.