Buying a car is a major financial decision, and understanding your monthly loan payments is key to smart budgeting. Our car loan emi calculator helps you estimate your monthly EMI, total interest payable, and total loan repayment instantly. Whether you’re taking a car loan for a sedan or SUV, this free tool will help you make informed financial choices.
When you take a car loan, you repay it through fixed monthly payments known as EMIs (Equated Monthly Installments). Each EMI includes:
In the early months, EMIs include a larger share of interest. Over time, the principal share increases, but your EMI remains constant.
Our car loan emi calculator is designed to offer instant, accurate, and user-friendly loan insights. Here’s what you get:
Whether you’re planning for a new car or refinancing, our emi calculator for car makes loan planning simple.
EMI = P × R × (1 + R)^N / [(1 + R)^N – 1]
Where:
📌 Example:
What will be my EMI if I borrow ₹6 lakh for 5 years at 9%?
Your EMI will be approx ₹12,456/month.
Can I reduce EMI by increasing tenure?
Yes, increasing loan tenure lowers your EMI but increases total interest paid.
How much car loan can I afford with ₹15,000 EMI?
It depends on the interest rate and tenure. Use the calculator to reverse-engineer the loan amount.
Is there any difference between car emi calculator and vehicle loan emi calculator?
They’re the same — used interchangeably in India.
It’s a tool that helps you calculate your monthly EMI based on car loan amount, interest rate, and tenure.
Yes, it works for both new and used car loans. Just enter the correct loan amount and rate.
Yes, but you’ll end up paying more interest in total.
No, but you can subtract the down payment from total cost and enter the actual loan amount.
Use the interest rate provided by your bank or lender. Typical rates are between 6–15%.
