Car Loan EMI Calculator
Result:
Monthly EMI: ₹0
Total Payment (Principal + Interest): ₹0
Total Interest Payable: ₹0
Planning to buy a new or used car and want to know your monthly loan repayment? Our Car Loan EMI Calculator helps you instantly calculate your Equated Monthly Installment (EMI) based on the loan amount, interest rate, and tenure. Whether you’re purchasing a hatchback, sedan, SUV, or electric vehicle, knowing your EMI helps you plan your finances better.
What is a Car Loan EMI?
EMI stands for Equated Monthly Installment, which is the fixed monthly payment you make towards repaying your car loan. It includes both the principal amount and the interest. The EMI amount is determined by the loan amount, annual interest rate, and loan tenure.
How to Use the Calculator
- Enter your desired car loan amount
- Input the applicable interest rate offered by the bank or lender
- Select your preferred loan tenure in years
- Click “Calculate EMI” to view the monthly EMI, total interest, and repayment amount
Features of Our EMI Calculator
- Auto-detects and displays currency symbol based on your location
- Instant and accurate results
- Works for both new and used car loans
- No personal data required
- Mobile-friendly and compatible with all browsers
Why Use a Car Loan Calculator?
Knowing your EMI in advance gives you financial clarity and helps you select a car model that fits your budget. It also lets you compare l