Calculator
Enter car loan details
Adjust vehicle loan amount, annual interest rate, and tenure to estimate monthly EMI.
Rs.
Rs.50000Rs.10000000
%
1 %30 %
Years
1 Years10 Years
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Estimate car loan EMI, total interest, and repayment schedule before planning a vehicle purchase.
Calculator
Adjust vehicle loan amount, annual interest rate, and tenure to estimate monthly EMI.
Breakdown
Review principal, interest, total repayment, and first-year amortization.
Principal amount
₹10,00,000
74%
Total interest
₹3,51,483
26%
Showing first 12 months of repayment.
| Month | EMI | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | ₹16,089 | ₹8,589 | ₹7,500 | ₹9,91,411 |
| 2 | ₹16,089 | ₹8,653 | ₹7,436 | ₹9,82,757 |
| 3 | ₹16,089 | ₹8,718 | ₹7,371 | ₹9,74,039 |
| 4 | ₹16,089 | ₹8,784 | ₹7,305 | ₹9,65,255 |
| 5 | ₹16,089 | ₹8,850 | ₹7,239 | ₹9,56,406 |
| 6 | ₹16,089 | ₹8,916 | ₹7,173 | ₹9,47,490 |
| 7 | ₹16,089 | ₹8,983 | ₹7,106 | ₹9,38,507 |
| 8 | ₹16,089 | ₹9,050 | ₹7,039 | ₹9,29,456 |
| 9 | ₹16,089 | ₹9,118 | ₹6,971 | ₹9,20,338 |
| 10 | ₹16,089 | ₹9,187 | ₹6,903 | ₹9,11,152 |
| 11 | ₹16,089 | ₹9,255 | ₹6,834 | ₹9,01,896 |
| 12 | ₹16,089 | ₹9,325 | ₹6,764 | ₹8,92,571 |
Formula
Car loan EMI uses the standard fixed-rate EMI formula for monthly repayment.
Standard EMI formula
EMI = P x R x (1 + R)^N / ((1 + R)^N - 1)
This calculator reuses the standard Weburcode EMI engine. P is the loan amount, R is the monthly interest rate, and N is the number of monthly installments.
The annual interest rate is divided by 12 and converted into a monthly decimal rate. The amortization table shows how early payments usually carry more interest while later payments reduce more principal.
Guide
Use this calculator before choosing a vehicle loan, down payment, or repayment tenure.
Add the expected financed amount after down payment or exchange value.
Use the annual auto loan interest rate from your lender or dealer quote.
Compare EMI and total interest across shorter and longer repayment plans.
It helps estimate vehicle loan affordability, compare dealer finance offers, and plan the impact of a larger down payment.
FAQ
Educational answers for common car loan planning questions.
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