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Tools & calculators

Car Loan EMI Calculator

Enter the on-road price and your down payment to estimate the loan amount, EMI and total interest for a new car.

₹50,000 to ₹1.25 crore
₹0 to ₹12.5 lakh

Loan amount: ₹10,00,000 (allowed ₹50,000 – ₹1 crore)

0% to 20%
Tenure unit
1 yr10 yr
Add fees (optional)

Enter only fees you know about. They are shown separately and do not change the EMI.

Results

Your monthly EMI

₹20,758

Principal amount
₹10,00,000
Total interest
₹2,45,501
Total repayment
₹12,45,501
Want to explore this scenario?We’ll attach these results to your enquiry, so you won’t need to re-enter anything.

  • Calculated on a reducing balance with a fixed annual rate of 9% for 5 years.
  • Loan amount = on-road price minus your down payment.
  • Processing fees, GST, insurance and other charges are excluded unless you add them.
  • Results are illustrative. Actual rates, EMI and eligibility are decided by the lender.
View amortisation schedule
Repayment schedule by year. Expand a year to see monthly rows.
Period Opening balance Principal Interest Instalments Closing balance
₹10,00,000 ₹1,65,830 ₹83,270 ₹2,49,100 ₹8,34,170
₹8,34,170 ₹1,81,386 ₹67,714 ₹2,49,100 ₹6,52,784
₹6,52,784 ₹1,98,401 ₹50,699 ₹2,49,100 ₹4,54,382
₹4,54,382 ₹2,17,013 ₹32,088 ₹2,49,100 ₹2,37,370
₹2,37,370 ₹2,37,370 ₹11,730 ₹2,49,100 ₹0

The default rate is an example for illustration only and is not a quoted rate. Results exclude insurance, registration and fees unless entered. The lender decides your actual terms.

Next step

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Learn more about car loans

A larger down payment reduces the amount you borrow, which lowers both your EMI and the total interest you pay.

No. On-road price usually includes registration, insurance and other charges on top of the ex-showroom price. Enter the on-road price in the calculator.

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