Auto Loan Calculator
Estimate your car loan EMI, total interest and tenure before you visit the showroom.
A car loan EMI depends on three things: amount, rate and tenure. On an ₹8 lakh loan at 9.5% for 5 years, the EMI is roughly ₹16,800 — about ₹2.1 lakh of it interest. A bigger down payment is the cheapest way to cut that interest.
How to use the auto loan calculator
- Enter the car loan amount after down payment.
- Set the interest rate and tenure.
- Compare how down payment changes your EMI.
Auto Loan Calculator — FAQs
What is a good car loan interest rate in India?
New car loans typically run 8.5–11% depending on the bank, your credit score and the car segment. Used car loans cost 2–4% more.
How much down payment should I make?
At least 20% of the car’s price. More down payment means a smaller loan, less interest, and you avoid being ‘underwater’ (owing more than the car is worth).
Should I take a longer tenure for lower EMI?
Lower EMI feels easier, but a 7-year tenure on a depreciating car means paying interest long after the car lost value. Keep it to 5 years or less if you can.
Are there foreclosure charges on car loans?
Many lenders charge 2–5% of the outstanding amount if you prepay early. Factor this in before planning a prepayment.
Keep exploring
People who used this also opened:
EMI Calculator →
Work out your exact monthly EMI for any home, car or personal loan.
loansLoan Comparison Calculator →
Compare two loan offers side by side — EMI, interest and true total cost.
moneyFuel Cost Calculator →
Estimate fuel cost for any trip from distance, mileage and fuel price.
loansBike Loan Calculator →
Figure out your two-wheeler loan EMI before you book the bike.