Car Loan EMI Calculator – Calculate Monthly Car Loan Repayment

Use our free Car Loan EMI Calculator to estimate your monthly repayment for new or used car loans. Enter loan amount, interest rate, and tenure to see monthly EMI, total interest, and a full amortization schedule instantly.

Car Loan EMI Calculator

INR 50,000INR 1 Crore
6%24%
12 months84 months

Your Car Loan EMI Details

Monthly EMI
Total Interest
Total Payment

Amortization Schedule (First 12 Months)

MonthOpening BalanceInterestPrincipalClosing Balance

Showing first 12 months. Total tenure: months.

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Estimate car loan EMI and ownership cost

A car loan EMI depends on the financed amount, interest rate, and tenure. This tool helps compare monthly repayment options for new and used vehicles before finalising the budget.

  • Calculate EMI using the on-road price minus down payment.
  • Check how a larger down payment reduces EMI and interest.
  • Compare shorter and longer tenures against monthly affordability.
  • Include insurance, registration, fuel, and maintenance in the total car budget.
Note: Used car loan rates and loan-to-value limits can differ from new car loans.

Frequently Asked Questions

Car loan EMI is calculated from the car loan amount, monthly interest rate, and loan tenure.

LTV is the percentage of the car value financed by the lender. The remaining amount is paid as down payment.

Yes. Enter the used car loan amount, rate, and tenure to estimate EMI.