Car Loan EMI Calculator
Calculate your car loan EMI, interest and total cost
Enter Loan Details
₹1L₹1 Cr
₹0₹10.00 L
7%18%
1 Year7 Years
Monthly EMI
₹16.61 K
Per month for 5 years
Loan Amount
₹8.00 L
After 20.0% down payment
Total Interest
₹1.96 L
@ 9% interest
Total Cost
₹11.96 L
On-road + Interest
Total Cost Breakdown
Down Payment
₹2.00 LPrincipal (Loan)
₹8.00 LTotal Interest
₹1.96 LPrincipal vs Interest Over Time
Year-wise Repayment Schedule
| Year | Principal | Interest | Total Paid | Balance |
|---|---|---|---|---|
| 0 | ₹0 | ₹0 | ₹0 | ₹8.00 L |
| 1 | ₹1.33 L | ₹66.62 K | ₹1.99 L | ₹6.67 L |
| 2 | ₹1.45 L | ₹54.17 K | ₹3.99 L | ₹5.22 L |
| 3 | ₹1.59 L | ₹40.56 K | ₹5.98 L | ₹3.63 L |
| 4 | ₹1.74 L | ₹25.67 K | ₹7.97 L | ₹1.90 L |
| 5 | ₹1.90 L | ₹9.38 K | ₹9.96 L | ₹0 |
About Car Loan Calculator
A car loan calculator helps you plan your vehicle purchase by calculating monthly EMI based on car price, down payment, interest rate, and loan tenure. Higher down payment reduces EMI burden and total interest cost.
Smart tips: Pay at least 20-25% as down payment to reduce loan burden. New cars typically get lower interest rates (8-10%) than used cars (12-16%).Hidden costs: Factor in insurance, registration, road tax and maintenance. Compare offers from banks, NBFCs and dealer financing before deciding.