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Car Loan EMI Calculator

India – EMI

Car loan EMI calculator

Enter the financed amount, interest rate, and tenure to estimate monthly payments for car loans in India.

EMI planner

Loan details

Month count starts at 1 when the loan begins. Example: if the loan starts Dec 2015 and you prepay in Nov 2026, set month to 131 and enter that lump sum amount.

Calculated instantly; no data stored.

Monthly EMI

$21,696

Base payment (before extra)

Payoff timeline

17 yrs 10 mo

Base: 20 yrs

Interest saved with prepayment

$427,457

26 months saved

Breakdown

Total payable (base)

$5,206,939

Total interest (base)

$2,706,939

Total payable with extra

$4,779,482

Total interest with extra

$2,279,482

Amortization schedule

Interactive amortization chart showing remaining balance and monthly principal/interest by month.

Yearly schedule

YearPrincipalInterestTotal paidEnding balanceMonths
1$49,756$210,591$260,347$2,450,244
MonthPrincipalInterestTotal paidLumpBalance
1$3,987$17,708$21,696-$2,496,013
2$4,015$17,680$21,696-$2,491,997
3$4,044$17,652$21,696-$2,487,953
4$4,073$17,623$21,696-$2,483,881
5$4,101$17,594$21,696-$2,479,779
6$4,130$17,565$21,696-$2,475,649
7$4,160$17,536$21,696-$2,471,489
8$4,189$17,506$21,696-$2,467,300
9$4,219$17,477$21,696-$2,463,081
10$4,249$17,447$21,696-$2,458,832
11$4,279$17,417$21,696-$2,454,553
12$4,309$17,386$21,696-$2,450,244
2$54,154$206,193$260,347$2,396,091
3$208,940$201,407$410,347$2,187,150
4$77,409$182,938$260,347$2,109,741
5$84,251$176,096$260,347$2,025,490
6$91,698$168,649$260,347$1,933,792
7$99,803$160,544$260,347$1,833,989
8$108,625$151,722$260,347$1,725,364
9$118,227$142,120$260,347$1,607,137
10$128,677$131,670$260,347$1,478,461
11$140,051$120,296$260,347$1,338,410
12$152,430$107,917$260,347$1,185,981
13$165,903$94,444$260,347$1,020,077
14$180,567$79,780$260,347$839,510
15$196,528$63,819$260,347$642,982
16$213,899$46,448$260,347$429,083
17$232,806$27,541$260,347$196,277
18$196,277$7,307$203,584$0

Assumptions

EMI is based on a fixed rate with payments at the start of each month. Extra monthly and one-time payments reduce the outstanding balance and shorten the tenure; the final month payment may be smaller when the balance closes.

What this calculator does

Estimates the monthly payment for car loans in India using standard amortization. See total interest and compare tenures to choose an affordable repayment plan.

Limitations & disclaimer

Indicative estimates only. One-time fees, down payment negotiations, variable rates, and insurance are excluded. Confirm final figures with your lender.

FAQs

Should I include down payment in the loan amount?

No. Enter only the financed amount (on-road price minus down payment) as the principal.

What interest rates are typical?

Car loan rates in India typically range from 7% to 12% depending on the lender and borrower profile.

Can I include insurance costs?

Add insurance premiums to the principal if you wish to finance them, otherwise account for them separately.

Does this support used car loans?

Yes. Enter the applicable loan amount and rate for used car financing.