Car Loan EMI Calculator
Estimate your monthly car loan EMI, total interest and overall payment
Select Bank Interest Rate
Car Loan Details
?
The total cost of the car you want to purchase
₹5L
₹10L
₹15L
₹20L
₹30L
₹ 1,00,000₹ 50,00,000
?
The amount you pay upfront before taking the loan
₹ 0₹ 6,40,000
Loan Amount₹6,00,000
?
Annual interest rate offered by your lender
6%20%
?
Duration of your car loan
years
3 Years
5 Years
7 Years
1 years7 years
Car Loan Results
₹6,00,000 at 9.5% for 5 years
Monthly EMI
₹0
For a car valued at ₹8,00,000
Loan Amount
₹6,00,000
75% of car value
Total Interest
₹0
0% of principal
Down Payment
₹2,00,000
25% of car value
Loan Tenure
5 Years
60 Monthly Installments
Total Loan Payment₹0
Principal: Infinity%Interest: NaN%
Year-by-Year Payment Schedule
| Year | Principal Paid | Interest Paid | Balance |
|---|
Car Loan Tips
Getting a car loan is a significant financial decision. Here are some tips to make the process smoother:
20% Down Payment Rule
Try to put at least 20% down to reduce EMI, interest costs, and avoid being "upside down" on your loan
Consider the 20/4/10 Rule
20% down payment, 4-year loan term, and total auto expenses under 10% of your income
Get Pre-approved
Shop for financing before visiting the dealership to have better negotiating power