Car Loan EMI Calculator

Calculate your monthly EMI, total interest, and payment schedule for your dream car. Get instant results and compare auto loan offers from top banks and NBFCs.

₹
₹2L₹50L
₹
₹0₹10.80 L
₹
%
0.5%20%
years
1 year7 years

Monthly EMI

₹17.07 K

Principal Amount
₹9.60 L
Total Interest
₹2.69 L
Down Payment
₹2.40 L (20%)
Loan Duration
72 months (6 years)
Total Amount Payable
₹12.29 L

Loan Composition

72
Months to pay
Principal Amount
₹9.60 L
78.1%
Interest Amount
₹2.69 L
21.9%
Interest vs Principal Ratio

0.28x

You'll pay 0.28 times the principal as interest

Payment Schedule

Showing 1 to 12 of 72 entries

Total Principal

₹9.00 L

Total Interest

₹3.13 L

Total Payable

₹12.13 L

Month
EMI
Principal
Interest
Outstanding
Jun 2025
₹16.82 K
₹10.44 K
₹6.38 K
₹8.90 L
Jul 2025
₹16.82 K
₹10.51 K
₹6.30 K
₹8.79 L
Aug 2025
₹16.82 K
₹10.59 K
₹6.23 K
₹8.68 L
Sep 2025
₹16.82 K
₹10.66 K
₹6.15 K
₹8.58 L
Oct 2025
₹16.82 K
₹10.74 K
₹6.08 K
₹8.47 L
Nov 2025
₹16.82 K
₹10.82 K
₹6.00 K
₹8.36 L
Dec 2025
₹16.82 K
₹10.89 K
₹5.92 K
₹8.25 L
Jan 2026
₹16.82 K
₹10.97 K
₹5.85 K
₹8.14 L
Feb 2026
₹16.82 K
₹11.05 K
₹5.77 K
₹8.03 L
Mar 2026
₹16.82 K
₹11.13 K
₹5.69 K
₹7.92 L
Apr 2026
₹16.82 K
₹11.20 K
₹5.61 K
₹7.81 L
May 2026
₹16.82 K
₹11.28 K
₹5.53 K
₹7.70 L

Additional Car Loan Charges to Consider

Be aware of these additional costs beyond your monthly EMI for your car loan

Processing & Documentation

Processing fee: 0.5% to 2% of loan amount
Documentation charges: ₹2,000-₹10,000
Verification charges: ₹1,000-₹5,000

Insurance & Registration

Car insurance: 3-6% of vehicle value annually
Registration charges: ₹5,000-₹25,000
Road tax: 8-12% of vehicle value

Penalties & Other Charges

Late payment penalty: 2-3% per month
Foreclosure charges: 2-5% of outstanding amount
Extended warranty: ₹10,000-₹50,000

Smart Car Buying Tips

Expert advice to help you make the best car purchase decision

Financial Planning

1
Down Payment: Aim for 20-25% down payment to reduce EMI burden
2
EMI-to-Income Ratio: Keep car EMI under 15-20% of monthly income
3
Compare Rates: Shop around for the best interest rates from different lenders
4
Total Cost: Consider fuel, maintenance, and insurance costs

Purchase Strategy

1
New vs Used: Consider certified pre-owned cars for better value
2
Loan Tenure: Shorter tenure means higher EMI but lower total interest
3
Pre-approval: Get loan pre-approved for better negotiation power
4
Insurance: Bundle car loan with insurance for potential discounts

Car Loan FAQs

Everything you need to know about car loans

A car loan is a secured loan specifically for purchasing vehicles. The car itself serves as collateral, which typically results in lower interest rates compared to personal loans.

Key Features: Secured loan, lower interest rates, longer tenure (up to 7 years), specific vehicle purchase purpose, and faster approval for new cars.

Need More Help?

Financial planning requires careful consideration of various factors. Consider consulting with a financial advisor for personalized advice based on your specific situation.

Always read terms and conditions carefully
Compare offers from multiple providers
Ensure calculations fit your financial goals

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