Car Loan EMI
Calculate your car loan EMI for new or used vehicle loans
Car Loan EMI Calculator
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%
Yr
Monthly EMI₹0Estimated monthly payment
Principal amount₹0
Total interest₹0
Total payment₹0
Principal amount
Total interest
Your Amortization Details (Yearly/Monthly)
| Year | Principal (A) | Interest (B) | Total (A + B) | Balance |
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How to use this calculator
What is car loan EMI?
Car loan EMI is the monthly installment paid to the bank or NBFC for your vehicle loan. New car loans in India typically run 3–7 years.
New vs used car loan rates
Used car loans often carry slightly higher interest rates than new car loans. Enter the rate offered by your lender for the best estimate.
Formula
EMI = P × r × (1 + r)^n / ((1 + r)^n − 1)Examples
- ₹8,00,000 car loan at 9.5% for 5 years → EMI ≈ ₹16,812
- ₹12,00,000 car loan at 9% for 7 years → EMI ≈ ₹19,428
Frequently asked questions
What tenure is common for car loans in India?
Most car loans are between 3 and 7 years. Longer tenure means lower EMI but higher total interest.
Is down payment included in EMI calculation?
Enter only the loan amount after down payment. EMI is calculated on the financed portion.