Car Loan EMI Calculator
Calculate your car loan EMI, total interest, and plan your vehicle purchase with our comprehensive car loan calculator
Car Loan EMI Calculator
Calculate your car loan EMI and plan your vehicle purchase
EMI Calculation Results
Car Loan Tips
- • Compare interest rates from different lenders before finalizing
- • Consider making a higher down payment to reduce EMI burden
- • Check for additional charges like processing fees and insurance
- • Ensure your EMI doesn't exceed 15-20% of your monthly income
- • Consider the depreciation value of the car over loan tenure
- • Opt for shorter tenure to save on total interest cost
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View All CalculatorsAbout Car Loan EMI Calculator
What is Car Loan EMI?
Car Loan EMI (Equated Monthly Installment) is the fixed monthly payment made by a borrower to repay their vehicle loan. It includes both the principal amount and interest component, calculated over the loan tenure.
How to Use This Calculator?
- • Enter your desired car loan amount
- • Set the loan tenure in years (1-7 years)
- • Input the annual interest rate
- • View your monthly EMI and payment breakdown
Benefits of Using Our Calculator
- • Accurate EMI calculations for car loans
- • Visual breakdown of principal vs interest
- • Year-wise payment schedule
- • Compare different loan scenarios
- • Plan your vehicle purchase budget
Factors Affecting Car Loan EMI
Loan Amount
Higher loan amount increases EMI proportionally
Interest Rate
Car loan rates are typically higher than home loans
Loan Tenure
Shorter tenure reduces total interest cost
Car Loan Types
New Car Loan
Lower interest rates, higher loan amount, longer tenure options
Used Car Loan
Higher interest rates, lower loan amount, shorter tenure