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    Car Loan EMI Calculator - Calculate Car EMI in Minutes

    Check EMI for Cars at CarWale and get instant car loan eligibility with upto 100% financing

    Customize Car Loan EMI

    Get attractive rates on car loans with instant approval.

    EMI For 5 years

    Downpayment : ₹ 5,00,000
    ₹ 80,000
    Min. Down Payment
    ₹ 50,00,000
    Max. Down Payment

    Your loan amount will be : ₹ 45,00,000

    Tenure : 5 Years

    1 year

    8 years

    60 months

    Interest Rate : 9.5%

    7%

    14%

    GraphSchedule
    MonthsPrincipleInterestBalance
    12₹ -4,46,614₹ 4,46,614₹ 49,46,614
    24₹ -4,90,939₹ 4,90,939₹ 54,37,553
    36₹ -5,39,664₹ 5,39,664₹ 59,77,217
    48₹ -5,93,224₹ 5,93,224₹ 65,70,442
    60₹ -6,52,100₹ 6,52,100₹ 72,22,542

    If you are not sure what interest rate you are being charged for your car loan, try our Interest Rate Calculator/Loan Comparison tool.

    Disclaimer: The calculation performed by EMI Calculator is based on the information you entered and is for illustrative purposes only. This calculation reflects amounts in Indian Rupee rounded to the nearest whole figure. Estimated monthly payments DO NOT include any processing or other possible fees which may depend on the financial institution / banks.All loan figures are based upon non-commercial usage and are subject to credit approval from an independent lending source. Actual down payment and resulting monthly payments may vary depending upon type and use of vehicle, regional lender requirements, and the strength of your credit. Check with your dealer for exact monthly payment.

    Interest Rate Comparison for our Finance Partners

    Attractive rates on car loans with instant EMI Calculator is based on the information you entered and is for illustrative purposes only. This calculation reflects amounts in Indian Rupee rounded to the nearest whole figure.

    Bank

    Interest Rate

    ICICI Bank

    ICICI Bank

    9% p.a. onwards

    HDFC Bank

    HDFC Bank

    9% p.a. onwards

    IndusInd Bank

    IndusInd Bank

    9.25% p.a. onwards

    Yes Bank

    Yes Bank

    9.75% p.a. onwards

    Popular Cars

    Tata Nexon

    Tata Nexon

    ₹ 7.29 Lakh
    onwards
    Avg. Ex-Showroom price
    Show price in my city

    EMI ₹ 15,300 @ 9.5% for 5 years

    FAQs

    • How is car loan EMI calculated monthly?

      EMIs or Equated Monthly Installments refer to the monthly payments you make to the lender to repay your loan. These payments include the principal amount as well as the interest i.e. EMI = Principal Amount + Interest on Principal amount. Mathematically, EMI can be calculated using the following formula: {P x R x (1+R)^N / [(1+R)^N-1]} where, P = Principal amount of the loan, R = Rate of interest and N = Number of monthly installments.

    • What is a Car Loan Repayment table?

      A Car Loan Repayment table represents the periodic loan repayment schedule of your car loan. It consists of the breakdown of your car loan repayment details such as the principal loan amount, EMI, interest payment, and the outstanding due after each EMI payment.

    • Who can avail a Car Loan?

      Anybody who falls under the following categories can avail a car loan: Self-employed individuals or, Salaried individuals

    • Does the EMI amount depend on the repayment tenure?

      Yes, the EMI that must be paid will depend on the repayment tenure that you have selected. The EMI will be lower in case the tenure is longer.

    View More FAQs