Loan
Car Loan EMI Calculator
Calculate car loan EMI and total cost of ownership
Popular Calculators
Enter Details
₹
%
Mo
Results
Monthly EMI—
Total Interest—
Total Payment—
Principal
Interest
Example Calculations
Quick reference scenarios to validate your planning
| Scenario | Result |
|---|---|
| ₹6L at 9% for 5 years | EMI: ₹12,442, Interest: ₹1.47L |
| ₹10L at 9.5% for 7 years | EMI: ₹16,392, Interest: ₹3.77L |
How It Works
Formula, methodology and key concepts explained
Car loans in India typically go up to 7 years. The total interest on a 7-year car loan can be 30–40% of the car's price. Always calculate the total cost before deciding the tenure.
Pro Tips for Loan
Expert guidance to get the most out of your calculation
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Frequently Asked Questions
Common questions about Car Loan EMI Calculator
- New car loan rates range from 8.5–12% depending on bank, car model, and your credit score. Used car loans are typically 12–18%. SBI, HDFC and Kotak offer competitive new car loan rates.
- Banks typically allow EMI up to 50% of your net monthly income. With ₹50,000/month net salary, you could be eligible for EMI up to ₹25,000 — roughly a ₹12–13 lakh loan at 9% for 5 years.
Key Numbers to Know
Benchmark figures for Loan planning in India
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Disclaimer: All calculations are estimates for planning purposes only. Results are based on the inputs you provide and assume constant rates. Actual returns may vary due to market conditions, inflation, tax law changes, and other factors. This is not financial advice. Consult a SEBI-registered investment advisor for personalised guidance. GST rates and income tax slabs are as per latest available information (FY 2025-26) and may change.
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