Car Loan EMI Calculator

Calculate your car loan EMI, total interest and down payment.

Car Price (On-road) ₹ 10,00,000
Down Payment ₹ 2,00,000
Interest Rate (p.a.) 8.5 %
Loan Tenure 5 Years
Monthly EMI
₹ 16,375
Loan Amount
₹ 8,00,000
Principal
₹ 8,00,000
Interest
₹ 1,82,485

Car Loan EMI Calculator

Buying a car? Use our car loan EMI calculator to find the perfect loan amount, EMI, and tenure. Compare offerings from SBI, HDFC, ICICI, and other banks to get the best car loan deal.

Formula

EMI = [P × R × (1+R)^N] / [(1+R)^N-1]

Where P = Principal, R = Monthly Interest Rate, N = Tenure in months