Loans & interest
Car Loan EMI Calculator
కార్ లోన్ ఈఎంఐ కాలిక్యులేటర్
Monthly EMI, total interest and the repayment schedule of a new or used car loan.
Your result ఫలితం
Monthly EMI నెలవారీ వాయిదా
16.61 thousand rupees a month
- Principalఅసలు
- ₹8,00,000
- Total interestమొత్తం వడ్డీ
- ₹1,96,401
- Total paymentమొత్తం చెల్లింపు
- ₹9,96,401
Year by year ఏడాదివారీగా
- Principal
- Interest
Use the left and right arrow keys to read each year; the table below lists every value.
Show the year-by-year table
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹1,32,664 | ₹66,616 | ₹6,67,336 |
| 2 | ₹1,45,109 | ₹54,171 | ₹5,22,227 |
| 3 | ₹1,58,721 | ₹40,559 | ₹3,63,506 |
| 4 | ₹1,73,610 | ₹25,670 | ₹1,89,896 |
| 5 | ₹1,89,896 | ₹9,384 | ₹0 |
How the car loan EMI is calculated
Lenders charge interest each month on the balance still owed (reducing balance). With a loan amount P, a monthly rate r (yearly rate ÷ 12 ÷ 100) and n monthly instalments:
EMI = P × r × (1 + r) n ÷ ((1 + r) n − 1)
Example: a car loan of ₹8,00,000 at 9% for 5 years is an EMI of ₹16,607. You pay ₹1,96,401 in interest, ₹9,96,401 in all. The rate is an example: yours depends on the lender and your credit score.
Good to know
- Banks usually lend 80% to 90% of the on-road price for up to 7 years; the rest is your down payment.
- A car loses value fast, so a shorter tenure keeps you from owing more than the car is worth. Insurance, registration and the processing fee are extra.
- Dealer finance is often quoted at a "flat" rate, which costs far more than the same figure on reducing balance: check it with the flat vs reducing rate calculator.
Questions
Does a longer tenure save money?
No. A longer tenure lowers the EMI but raises the total interest. Pick the shortest tenure whose EMI you can pay comfortably.
Can I pay the loan off early?
On floating-rate loans to individuals, RBI does not allow prepayment charges in most cases (some business loans are exceptions). Fixed-rate loans may carry them: check your loan agreement.
What next? తర్వాత ఏం చూడాలి
See all calculators →Results are estimates for planning, at the rates you enter. Check exact figures with your bank, fund house or tax adviser before you decide.
