Car Loan Calculator
Plan your car purchase with down payment, monthly EMI and separate upfront loan costs.
Monthly EMI
- Vehicle price
- ₹10,00,000.00
- Down payment
- ₹2,00,000.00
- Loan amount
- ₹8,00,000.00
- Total Interest
- ₹1,96,401.05
- Total Payment
- ₹9,96,401.05
- Tenure
- 5 years
Principal vs interest
Ratio 0.25Amortization Schedule (Yearly)
Preview of the first five years.
| Year | Principal Paid | Interest Paid | Total Payment | Balance | Loan Paid To Date % |
|---|---|---|---|---|---|
| ₹1,32,664.02 | ₹66,616.19 | ₹1,99,280.21 | ₹6,67,335.98 | 16.6% | |
| ₹1,45,108.82 | ₹54,171.39 | ₹1,99,280.21 | ₹5,22,227.16 | 34.7% | |
| ₹1,58,721.03 | ₹40,559.18 | ₹1,99,280.21 | ₹3,63,506.14 | 54.6% | |
| ₹1,73,610.15 | ₹25,670.06 | ₹1,99,280.21 | ₹1,89,895.98 | 76.3% | |
| ₹1,89,895.98 | ₹9,384.23 | ₹1,99,280.21 | ₹0.00 | 100.0% |
This calculator provides estimates for informational purposes only. Actual lender calculations, fees, taxes, insurance, processing charges and repayment terms may differ.
How car loan EMI is calculated
The financed amount is the on-road vehicle price minus your down payment. The standard reducing-balance formula calculates interest on the outstanding principal each month and adjusts the final payment to clear the balance.
On-road price and down payment
Use the full on-road quote, including registration and vehicle costs included by your dealer. Enter your down payment as rupees or a percentage; switching modes preserves its amount. A larger down payment reduces the financed amount.
Planning vehicle loan costs
Processing fees, tax on those fees and other upfront charges are shown separately. They do not increase the EMI principal. Check the lender’s quote for the applicable fees and tax rate; the example interest rate is not a market-rate claim.
Prepayment and early payoff
An extra monthly payment, a one-time principal payment or 1.5× or 2× regular EMI reduces the outstanding balance. Following months accrue interest on that reduced balance. Check your lender’s prepayment restrictions and charges separately.
How to use
- Enter the on-road vehicle price and your down payment.
- Set the annual interest rate and tenure, up to 10 years or 120 months.
- Optionally include prepayments and upfront fees, then calculate and expand a year to review monthly payments.
Frequently asked questions
How do I calculate car loan EMI?
Enter the on-road price, down payment, annual interest rate and loan tenure. Select Calculate EMI to see the reducing-balance repayment estimate.
Can I enter down payment as a percentage?
Yes. Switch between percentage and rupee amount. The financed amount is the vehicle price minus the down payment.
What is the maximum car loan tenure?
This calculator supports up to 10 years or 120 months. Actual lender terms may differ.
Do fees increase my EMI?
No. Processing fees, their tax and other upfront costs are displayed separately from the financed vehicle amount.
How does 2× EMI work?
It pays twice the regular EMI each month, applying the additional amount to principal until the loan is cleared. The final payment is capped at the remaining balance and interest.
Are my financial values uploaded?
Calculations run in your browser. Analytics receives only broad configuration such as tenure unit, down payment mode and whether prepayment is enabled, never exact financial values.