Car Loan EMI Calculator India 2025

Calculate your monthly EMI, total interest, and payment schedule for your dream car.

Select Bank for Car Loan

Car Value

₹

₹2L₹50L

Down Payment (20%)

₹

₹0₹10.80 L

Loan Amount (Auto-calculated)

₹

Interest Rate (% p.a.)

0.5%20%

Loan Tenure

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

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

MonthMonth

EMI

PrincipalPrin.

InterestInt.

OutstandingBalance

Oct 2025Oct 2025

₹16.82 K

₹10.44 K

₹6.38 K

₹8.90 L

Nov 2025Nov 2025

₹16.82 K

₹10.51 K

₹6.30 K

₹8.79 L

Dec 2025Dec 2025

₹16.82 K

₹10.59 K

₹6.23 K

₹8.68 L

Jan 2026Jan 2026

₹16.82 K

₹10.66 K

₹6.15 K

₹8.58 L

Feb 2026Feb 2026

₹16.82 K

₹10.74 K

₹6.08 K

₹8.47 L

Mar 2026Mar 2026

₹16.82 K

₹10.82 K

₹6.00 K

₹8.36 L

Apr 2026Apr 2026

₹16.82 K

₹10.89 K

₹5.92 K

₹8.25 L

May 2026May 2026

₹16.82 K

₹10.97 K

₹5.85 K

₹8.14 L

Jun 2026Jun 2026

₹16.82 K

₹11.05 K

₹5.77 K

₹8.03 L

Jul 2026Jul 2026

₹16.82 K

₹11.13 K

₹5.69 K

₹7.92 L

Aug 2026Aug 2026

₹16.82 K

₹11.20 K

₹5.61 K

₹7.81 L

Sep 2026Sep 2026

₹16.82 K

₹11.28 K

₹5.53 K

₹7.70 L

Car Loan Payment Breakdown

Visualize the transition from interest-heavy to principal-heavy payments over your loan term

Principal Increases

Green bars show increasing principal payments over time as you build equity

Interest Decreases

Orange bars show decreasing interest payments as outstanding balance reduces

Balance Reduces

Pink line shows your outstanding loan balance decreasing over time

Key Insights

Early years are interest-heavy, later years are principal-heavy

Prepaying early saves more on total interest

Outstanding balance decreases slowly at first, then accelerates

Optimization Tips

Make extra principal payments in the early years

Consider refinancing before the crossover point

Step-up EMIs can significantly reduce total interest

Additional Car Loan Charges to Consider in India

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

Down Payment: Aim for 20-25% down payment to reduce EMI burden

EMI-to-Income Ratio: Keep car EMI under 15-20% of monthly income

Compare Rates: Shop around for the best interest rates from different lenders

Total Cost: Consider fuel, maintenance, and insurance costs

Purchase Strategy

New vs Used: Consider certified pre-owned cars for better value

Loan Tenure: Shorter tenure means higher EMI but lower total interest

Pre-approval: Get loan pre-approved for better negotiation power

Insurance: Bundle car loan with insurance for potential discounts

Compare Car Loan Rates Across Banks

Compare car loan interest rates and find the best deals from top banks

Indian Bank

7.3%

Best Rate

Min Amount

₹1L

Calculate Returns

BOI

Bank of India

7.8%

Best Rate

Min Amount

₹1L

Calculate Returns

Bank of Maharashtra

8.0%

Best Rate

Min Amount

₹1L

Calculate Returns

Kotak

Kotak Mahindra Bank

8.7%

Best Rate

Min Amount

₹1L

Calculate Returns

HDFC

HDFC Bank

8.7%

Best Rate

Min Amount

₹1L

Calculate Returns

Canara

Canara Bank

8.8%

Best Rate

Min Amount

₹1L

Calculate Returns

Compare All Banks

Car Loan EMI FAQs

Everything you need to know about car loans, auto financing, and vehicle purchase planning

What is a car loan and how does it differ from personal 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.

What factors affect my car loan interest rate?

Several factors determine your car loan interest rate:

Credit Score: Higher scores (750+) get better rates
New vs Used Car: New cars typically get lower rates
Loan-to-Value Ratio: Higher down payment = lower rate
Income Stability: Salaried vs self-employed applicants
Car Brand & Model: Premium brands may get better rates
Loan Tenure: Shorter tenure may have lower rates

Pro Tip: Make a higher down payment (20-30%) to get better interest rates and reduce your EMI burden.

How accurate are these calculations?

Our calculators use standard financial formulas and are designed to be highly accurate. However, actual results may vary based on specific terms and conditions of financial products.

Should I consult a financial advisor?

While our calculators provide accurate estimates, it's always advisable to consult with a certified financial advisor for personalized advice based on your specific financial situation.

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