What will my car loan EMI be?
Enter the car's on-road price, what you will pay upfront, the rate and the tenure. The loan is the price minus the down payment; you will see the EMI, the interest and what the car really costs you in the end.
Monthly EMI
₹16,607
Indicative only. Your lender’s figures may differ. Nothing you enter here is sent anywhere or stored.
EMI = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1)
The loan is the on-road price minus your down payment.
P is the loan amount, r the monthly rate (the yearly rate ÷ 12 ÷ 100) and n the number of months. Each month's interest is charged on what is still owed, so early EMIs are mostly interest and later ones mostly principal.
What the car costs you in all is the down payment plus every EMI.
If you enter
You get
These are the calculator's starting values. Change them above to see your own.
Compare rates, down payment rules and processing fees, then apply on the lender's own site.
HDFC Bank
Protium Finance Limited
Bajaj Finserv
Many lenders finance up to 80 to 90% of the on-road price, but a larger down payment means a smaller loan, a lower EMI and less interest in total.
Car loans usually run 1 to 7 years. A car loses value every year, so a shorter tenure keeps you from owing more than the car is worth.
No. On-road adds registration, road tax and insurance to the ex-showroom price. Lenders usually finance a share of the on-road price.
Your down payment plus every EMI you pay. It is what the car costs you by the time the loan is closed, before fuel and upkeep.
Short reads that explain how it works before you decide.
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