Car Loan EMI Calculator
Calculate your monthly car loan installment, total interest, and full repayment schedule. Adjust the loan amount, rate, and tenure to compare options.
Monthly EMI
for 60 months
Frequently Asked Questions
What's a typical car loan interest rate in India?
Car loan interest rates typically range from 8.5% to 12% per annum depending on the lender, your credit score, whether it's a new or used car, and the loan tenure. New cars generally get better rates than used cars.
What's the usual car loan tenure?
Most car loans run 3-7 years (36-84 months). Shorter tenures mean higher EMIs but much less total interest paid; longer tenures lower the EMI but increase the total interest cost significantly.
Should I make a larger down payment on a car loan?
Generally yes, if you can afford it. A larger down payment reduces the principal you're borrowing, which lowers both your EMI and total interest paid — and cars depreciate quickly, so financing less of the purchase price reduces the risk of owing more than the car is worth.