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Car Loan EMI Calculator

Work out your car loan EMI, total interest and a month-by-month repayment schedule.

Enter the amount you borrow, after the down payment. Everything updates live in the results panel.

Monthly EMI

16,606.68

over 60 months

Total payment9,96,401.05
Total interest1,96,401.05

Month-wise schedule

MonthEMIPrincipalInterestBalance
116,606.6810,606.686,0007,89,393.32
216,606.6810,686.235,920.457,78,707.08
316,606.6810,766.385,840.37,67,940.7
416,606.6810,847.135,759.567,57,093.57
516,606.6810,928.485,678.27,46,165.09
616,606.6811,010.455,596.247,35,154.64
716,606.6811,093.025,513.667,24,061.62
816,606.6811,176.225,430.467,12,885.4
916,606.6811,260.045,346.647,01,625.35
1016,606.6811,344.495,262.196,90,280.86
1116,606.6811,429.585,177.116,78,851.28
1216,606.6811,515.35,091.386,67,335.98
1316,606.6811,601.665,005.026,55,734.32
1416,606.6811,688.684,918.016,44,045.64
1516,606.6811,776.344,830.346,32,269.3
1616,606.6811,864.664,742.026,20,404.63
1716,606.6811,953.654,653.036,08,450.98
1816,606.6812,043.34,563.385,96,407.68
1916,606.6812,133.634,473.065,84,274.06
2016,606.6812,224.634,382.065,72,049.43
2116,606.6812,316.314,290.375,59,733.11
2216,606.6812,408.694,1985,47,324.43
2316,606.6812,501.754,104.935,34,822.68
2416,606.6812,595.514,011.175,22,227.16
2516,606.6812,689.983,916.75,09,537.18
2616,606.6812,785.163,821.534,96,752.03
2716,606.6812,881.043,725.644,83,870.98
2816,606.6812,977.653,629.034,70,893.33
2916,606.6813,074.983,531.74,57,818.35
3016,606.6813,173.053,433.644,44,645.3
3116,606.6813,271.843,334.844,31,373.46
3216,606.6813,371.383,235.34,18,002.07
3316,606.6813,471.673,135.024,04,530.4
3416,606.6813,572.713,033.983,90,957.7
3516,606.6813,674.52,932.183,77,283.2
3616,606.6813,777.062,829.623,63,506.14
3716,606.6813,880.392,726.33,49,625.75
3816,606.6813,984.492,622.193,35,641.26
3916,606.6814,089.372,517.313,21,551.88
4016,606.6814,195.052,411.643,07,356.84
4116,606.6814,301.512,305.182,93,055.33
4216,606.6814,408.772,197.912,78,646.56
4316,606.6814,516.832,089.852,64,129.73
4416,606.6814,625.711,980.972,49,504.01
4516,606.6814,735.41,871.282,34,768.61
4616,606.6814,845.921,760.762,19,922.69
4716,606.6814,957.261,649.422,04,965.43
4816,606.6815,069.441,537.241,89,895.98
4916,606.6815,182.461,424.221,74,713.52
5016,606.6815,296.331,310.351,59,417.19
5116,606.6815,411.061,195.631,44,006.13
5216,606.6815,526.641,080.051,28,479.49
5316,606.6815,643.09963.61,12,836.4
5416,606.6815,760.41846.2797,075.99
5516,606.6815,878.61728.0781,197.38
5616,606.6815,997.7608.9865,199.68
5716,606.6816,117.6948949,081.99
5816,606.6816,238.57368.1132,843.42
5916,606.6816,360.36246.3316,483.06
6016,606.6816,483.06123.620
9% fixed60 months

You pay 1,96,401.05 in interest, about 25% of the loan amount. Excludes processing fees, GST and insurance.

HOW TO USE

  1. 1Enter the loan amount — the price after your down payment.
  2. 2Set the annual interest rate in percent.
  3. 3Enter the tenure in months (usually 12 to 84).
  4. 4Read off your monthly EMI and scroll the month-wise schedule.

EXAMPLE

INPUT

₹8,00,000 loan, 9% per year, 60 months

OUTPUT

Monthly EMI ₹16,607 with a 60-row amortization table

FAQ

Does this include the down payment?
No — enter the amount you actually borrow (on-road price minus down payment). The down payment itself reduces the loan and therefore the interest.
Why is interest paid early in the schedule higher?
Interest is calculated on the outstanding balance, which is largest at the start. Prepaying a lump sum early cuts total interest the most.
Are car loan rates fixed?
Usually yes, but some lenders now offer floating rates. This calculator assumes a fixed rate.

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Home Loan Emi Calculator↗Personal Loan Emi Calculator↗Loan Eligibility Calculator↗Flat Rate Loan Calculator↗