Car Loan EMI Calculator

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Work out the monthly EMI and total interest of a car loan, with a month-by-month schedule.

Quick fill

Sets a typical amount and tenure. Keep the rate your lender quotes.

Loan amount

₹8 lakh

Interest rate

Tenure

Up to 40 years (480 months).

Prepay every monthPay a fixed extra amount with each EMI to finish sooner.

Monthly EMI₹16,801For 5 years at 9.5% a year.

Principal79.4%₹8,00,000
Interest20.6%₹2,08,089
Total payable₹10,08,089

Year	Paid	Principal	Interest	Balance
1	₹2,01,618	₹1,31,234	₹70,383	₹6,68,766
2	₹2,01,618	₹1,44,259	₹57,359	₹5,24,506
3	₹2,01,618	₹1,58,576	₹43,041	₹3,65,930
4	₹2,01,618	₹1,74,315	₹27,303	₹1,91,615
5	₹2,01,618	₹1,91,615	₹10,003	₹0

How to use, limits & privacy

About Car Loan EMI Calculator

Work out the monthly EMI on a car loan, the total interest and the total you repay, with a month-by-month or yearly schedule. It opens with an example of ₹8,00,000 at 9.5% for 5 years, an EMI of ₹16,801, which you replace with the amount you will borrow and the rate the bank or dealer quotes. Compare tenures to balance EMI against interest, and see what paying a little extra each month saves. It uses monthly reducing balance and runs in your browser.

How to Use

Enter the amount you will borrow

Replace the example Loan amount with the on-road price minus your down payment. Then set the Interest rate and Tenure, in Years or Months.

Read the EMI

Monthly EMI, the principal and interest split and Total payable update as you type, so you can try different amounts and tenures quickly.

See what extra payments save

Turn on Prepay every month and set Extra each month to see how much sooner the car loan is paid off and how much interest you save.

Check the schedule

Open Repayment schedule, pick Monthly or Yearly, and use Download CSV to keep a copy of every EMI with its principal, interest and balance.

Privacy & Processing

Mode: local
Files Leave Browser: Local tool processing; review details below
Max Input Size: Device memory limits
Account Required: No
Data Stored Locally: Nothing is saved; the CSV goes straight to your downloads.
Network Processing: Assets or models may require an initial download

Everything is calculated in your browser. Nothing you enter is uploaded.

Rules & Limitations

The 9.5% rate is only an example, not an offer. Car loan rates depend on the lender, the car, new or used, and your credit score.
Rates here are reducing-balance rates. A flat rate quoted by some dealers or lenders costs much more than the same number as a reducing rate.
Insurance, registration, processing fees and any foreclosure charges are not included in the EMI.
Car loans are often fixed-rate, and lenders may charge a fee for prepaying or closing early. Check your loan agreement before you prepay.

Top Suggestions

Deciding how much down payment to make on a new car
Comparing a 5-year and a 7-year car loan
Checking a dealer's EMI quote before you sign
Budgeting for a used car or a two-wheeler loan

Car Loan EMI Calculator FAQ

What is the EMI on an ₹8 lakh car loan for 5 years?

At 9.5% a year it is ₹16,801 a month. You pay ₹2,08,089 in interest over 5 years, so the total comes to ₹10,08,089.

Should I take a 5-year or a 7-year car loan?

For ₹8 lakh at 9.5%, 7 years lowers the EMI to ₹13,075 but the interest rises to about ₹2.98 lakh, against about ₹2.08 lakh over 5 years. A shorter loan also means you finish paying while the car is worth more.

What loan amount should I enter for a car loan?

Enter only what you borrow: the on-road price (ex-showroom price plus registration, insurance and other charges) minus your down payment. A bigger down payment lowers both the EMI and the total interest.

Can I prepay my car loan early?

Usually yes, but many car loans are fixed-rate and lenders may charge a part-payment or foreclosure fee. On the example loan, ₹5,000 extra a month ends it 16 months sooner and saves ₹59,217 in interest, before any fee.

Why is the dealer's EMI higher than this calculator shows?

The quote may use a flat rate, add insurance or fees to the loan, or include extras. Ask for the reducing-balance rate and the exact loan amount, and enter those here to compare.