All calculators
Car Loan EMI Calculator — monthly installment & amortisation
Calculate EMI for new or used car loan. Enter loan amount, interest rate, and tenure. Full amortisation breakdown included.
Inputs
₹8.00 L
₹50,000₹1.00 Cr
9.5%
525
5 yrs
18
Result
Monthly EMI
₹16,801
Total interest
₹2.08 L
Total payment
₹10.08 L
Composition
Invested
Returns
Year-by-year growth
About the Car EMI Calculator
Car loans in India typically run 1–7 years at floating or fixed rates. EMI = [P × r × (1+r)^n] / [(1+r)^n − 1], where P is loan amount, r is monthly rate, n is months.
Tip: prefer 3–5 year tenures despite the higher EMI. Longer tenures mean significantly more interest paid, plus risk of the car being worth less than the outstanding loan (negative equity) if you want to sell mid-loan.
Down payment matters more than tenure. Putting down 20–30% instead of financing 100% dramatically cuts total interest paid and keeps EMI manageable.
Car EMI — Frequently asked questions
PSU banks: 8.75–9.5% (new car). Private banks: 9–11%. NBFCs: 10–13%. Used car loans are 1–3% higher than new. Rates depend on credit score, income, and existing bank relationship.
Related calculators
EMI Calculator
Calculate your equated monthly installment instantly. Works for home loan, car loan, and personal loan. Full amortisation breakdown included.
Personal Loan EMI Calculator
Calculate personal loan EMI. Unsecured loans typically have 11–18% interest. Full amortisation with total interest shown.
Income Tax Calculator
Compare old vs new tax regime for FY 2025-26. Instantly see which saves more. Updated with Budget 2024 slabs & standard deduction.