Car Loan EMI Calculator
Calculate the monthly EMI on your car loan, see how much interest you will pay, and find a tenure that fits your budget — all in your browser.
How car loan EMIs work
Car loans are medium-term loans, usually running 3 to 7 years. Rates sit higher than home loans but lower than unsecured personal loans, because the vehicle itself acts as collateral. Since cars depreciate quickly, a shorter tenure is often wiser — it keeps total interest down and avoids paying for a car long after it has lost much of its value.
The role of the down payment
A bigger down payment means a smaller principal, a lower EMI and less total interest. Use the calculator to compare financing the full price against putting more down upfront.
Real-world example
Finance 800,000 at 10% over 5 years and your EMI is around 17,000 a month, with total interest near 220,000. Raising your down payment by 200,000 — borrowing 600,000 instead — drops the EMI to about 12,750 and cuts interest by roughly a quarter.
Before you sign
- Factor in insurance, registration and running costs, not just the EMI.
- Prefer the shortest tenure you can comfortably afford.
- Compare the on-road price across lenders and dealers.