Loan & EMI
Car Loan EMI Calculator
Plan your car purchase — down payment, EMI, total interest and true cost of ownership.
Loan details
₹10.00 L
20% of price
5 yrs
Monthly EMI
₹16,801
Loan amount ₹8.00 L
- Total interest
- ₹2,08,089
- Total payment
- ₹10,08,089
- Total cost of car
- ₹12,08,089
Loan = Price − Down Payment. EMI computed on reducing-balance.
Break-up
- Loan principal
- Interest
- Down payment
Total: ₹12.08 L
Formula
How the math works
Loan = On-road price − Down payment; EMI = P·r·(1+r)ⁿ / ((1+r)ⁿ − 1)
- P
- Loan amount
- r
- Monthly interest rate
- n
- Tenure in months
Method
How it works
- 1
Enter the on-road price of the car including insurance & taxes.
- 2
Enter your down payment — usually 20–30% of price.
- 3
Choose rate offered by your bank/dealer and the tenure.
- 4
CalcPe shows the monthly EMI, total interest and the true cost of ownership.
Worked example
A quick walkthrough
Inputs
On-road ₹10 L, ₹2 L down payment, 9.5% p.a. for 5 years.
Steps
- Loan = ₹8,00,000
- r ≈ 0.007917 (monthly)
- EMI ≈ ₹16,796
Result
EMI ≈ ₹16,796 · total interest ≈ ₹2.07 L · total cost of car ≈ ₹12.07 L.
Why use it
Why CalcPe’s Car Loan EMI Calculator
- Understand the true cost of a car, not just the sticker price.
- Compare down-payment scenarios to lower interest outgo.
- Test drive different tenures — shorter tenure saves interest.
- Great for balloon EMI negotiations with dealers.
FAQ
Frequently asked questions
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