Car EMI Calculator
Calculate EMI for your new car purchase. Adjust car price, down payment, interest rate, and tenure to find the best EMI plan.
Car Details
Car EMI Results
Monthly EMI
Total Interest
₹ 1,68,560
Total Amount
₹ 9,68,560
Loan Amount
₹ 6,40,000
Payment Breakdown
Related Financial Calculators
Use these calculators to better plan your finances and understand different aspects of your home purchase.
EMI Calculator
Calculate your Equated Monthly Installment (EMI) for any loan with detailed breakdown of interest and principal.
Calculate NowIncome Tax Calculator
Calculate your income tax liability under both old and new tax regimes. Optimize your savings.
Calculate NowEMI vs Rent Calculator
Compare buying a home with EMI vs renting. Make informed decisions with detailed cost analysis.
Calculate NowAbout Car EMI Calculator
Buying a car is a major financial decision, and our Car EMI Calculator helps you plan this investment wisely. This tool calculates your monthly EMI based on the car's price, your down payment, the interest rate, and the loan tenure.
Car loans typically have lower interest rates compared to personal loans, ranging from 7% to 12% per annum. The tenure can extend up to 7 years, allowing for more manageable monthly payments. A substantial down payment (usually 20% or more) can significantly reduce both your EMI and the total interest paid.
When applying for a car loan, lenders consider your credit score, income, employment stability, and existing financial obligations. Some lenders offer special schemes for electric vehicles or during festive seasons with lower interest rates.
Remember to account for additional costs like registration fees, insurance, and road tax when budgeting for your new car. Our calculator provides a comprehensive view of your financial commitment, helping you make an informed decision.
FAQs
A down payment of 20-30% is generally recommended. This reduces your loan amount, EMI, and total interest paid while improving your loan approval chances.
Most lenders offer car loan tenures from 1 to 7 years. New cars typically have longer tenure options compared to used cars.
It's difficult but some NBFCs offer loans without traditional income proof for self-employed individuals, usually requiring higher down payment or collateral.
Yes, used car loans typically have higher interest rates (1-2% more) and shorter tenures compared to new car loans.