Work out your car loan EMI from the car's on-road price and your down payment, along with the total interest and total cost of ownership over the loan tenure.
How to Use the Car Loan EMI Calculator
Enter the car's "On-Road Price (₹)" including taxes, insurance, and registration.
Enter your planned "Down Payment (₹)".
Enter the "Annual Interest Rate (%)" offered by your lender.
Enter the "Loan Tenure (years)" over which you'll repay the loan.
Click "Calculate EMI" to see your loan amount, monthly EMI, and total cost.
Frequently Asked Questions
The loan amount is simply the on-road price of the car minus your down payment. EMI, interest, and total payment are then calculated on that loan amount.
Yes. A larger down payment reduces the loan amount, which lowers both your EMI and the total interest you'll pay over the loan tenure - try changing the down payment to see the effect instantly.
"Total Cost" adds your down payment to the total amount you'll pay toward the loan (principal + interest), giving you the full amount you'll spend to own the car.
Yes, it's completely free and requires no sign-up.