Car Loan EMI Calculator
Calculate your car loan EMI online for free. Enter the loan amount, interest rate and tenure to see your monthly instalment and total interest. Runs entirely in your browser — nothing you enter is uploaded. Car loans are secured against the vehicle itself, typically for a 3–7 year tenure. Some lenders finance up to 90–100% of the on-road price for a new car; used-car loans usually have a shorter maximum tenure and a lower loan-to-value ratio.
How to use car loan emi calculator
- Enter the loan amount
The principal you're borrowing or considering.
- Enter the rate and tenure
Your loan's annual interest rate and repayment period in years.
- Calculate
See your monthly EMI, total interest and total repayment.
Features
Every rate and percentage is an input you can change, not a hidden constant — so the estimate matches your real numbers.
Calculates locally with no sign-up or server request.
Your salary and financial details are never uploaded.
Car loans are secured against the vehicle itself, typically for a 3–7 year tenure.
Supported formats and limitations
Text and structured input supported by this tool.
Use cases include personal workflows, content preparation, and quick checks. Review output before relying on it for legal, financial, accessibility, or production decisions.
Frequently asked questions
How is EMI calculated?
EMI = P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1), where P is the principal, r is the monthly interest rate, and n is the number of monthly instalments — the standard reducing-balance formula used by nearly all Indian lenders.
Does this include processing fees or insurance?
No — it's the pure EMI on the principal and rate you enter. Add any fees or insurance premiums separately for the true cost of the loan.
Does the loan-to-value ratio differ for a used car?
Yes — lenders typically finance a smaller percentage of a used car's value than a new one, and cap the maximum tenure based on the vehicle's age at the end of the loan, not just the loan length itself.