Auto Loan Calculator
Loan Details
₹
₹
%
Yrs
Mos
%
Your Auto Loan EMI
Monthly Payment
₹0
Loan Amount
₹0
Interest
₹0
Total Paid
₹0
Amortization Schedule
A month-by-month breakdown of your loan repayment.
| Month | Principal | Interest | Balance |
|---|
Guide & Methodology
About the Auto Loan & Car EMI Calculator
Calculate monthly car loan payments, total interest, down payment impact, and vehicle loan affordability.
What this calculator does
- Calculates the exact monthly EMI for new or used car financing.
- Shows how changing down payment amount cuts down total interest costs.
- Helps buyers choose optimal tenures (typically 3 to 7 years) to balance affordability.
How it Works & Key Inputs
Step 1
Vehicle On-Road Price
Enter the ex-showroom price plus insurance, road tax, and registration.
Step 2
Down Payment & Trade-In
Input upfront cash paid or exchange value of your old vehicle.
Step 3
Interest Rate & Tenure
Input lender interest rate (typically 8.5% - 11%) and tenure in months/years.
Core Calculation Parameters
Loan AmountNet vehicle financing needed after down payment.
Interest Rate (%)Annual fixed or floating auto loan interest rate.
Tenure (Years)Loan duration (usually 3 to 7 years).
Formula & Calculation Logic
Mathematical Model
EMI = [P × r × (1 + r)^n] / [(1 + r)^n - 1]Amortized installment formula for vehicle financing.
Variables Breakdown
PCar loan principal balancerMonthly interest rate = Annual rate ÷ 1200nTotal months of the auto loanFrequently Asked Questions (FAQ)
Disclaimer: This calculator is provided for educational and illustrative purposes only. Actual financial outcomes may vary based on statutory changes, lender terms, fund fees, and prevailing market dynamics.