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Car Loan EMI Calculator

Work out the monthly EMI and total cost of your car loan.

Last updated: 8 Aug 2026

Quick answer

Your car loan EMI is calculated on a reducing-balance basis from the loan amount, interest rate and tenure. For example, an ₹8 lakh loan at 9.5% for 7 years is an EMI of about ₹13,088. Enter your figures above for an instant EMI, total interest and total cost.

₹
% p.a.
years

Buying a car on finance? This car loan EMI calculator gives your monthly instalment plus the total interest and total cost — helping you pick a tenure and down payment that fit your budget.

How to calculate car loan EMI

  1. 1 Enter the car loan amount (on-road price minus down payment).
  2. 2 Enter the interest rate (p.a.) and tenure in years.
  3. 3 We apply the reducing-balance EMI formula.
  4. 4 See your EMI, total interest and total cost.

Frequently asked questions

What is a typical car loan tenure?
Car loans usually run 1–7 years. A longer tenure lowers the EMI but increases total interest.
Does a bigger down payment reduce EMI?
Yes — a larger down payment means a smaller loan, which directly lowers your EMI and total interest.
Is insurance included in the EMI?
No, this EMI covers loan repayment only; insurance and accessories are usually separate costs.

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