Car Loan Calculator
Calculate your vehicle loan EMI with detailed breakdown and schedule
Car Loan Details
Enter your car loan information
| Month | EMI | Principal | Interest | Balance |
|---|
Calculate Your Car Loan EMI Instantly
Planning to buy your dream car? Before you apply for financing, it’s important to know your monthly EMI. EMI Wale’s Car Loan EMI Calculator helps you estimate your auto loan EMI in seconds — based on loan amount, interest rate, and tenure.
Our calculator is free, accurate, and designed to help you plan smartly before you buy your next vehicle — whether it’s a hatchback, SUV, or luxury car.
How the Car Loan EMI Calculator Works
Every car loan involves three main components:
| Factor | Description |
|---|---|
| Loan Amount | The total money borrowed for the car purchase |
| Interest Rate (p.a.) | The annual interest rate offered by your lender |
| Loan Tenure | Repayment period (in months or years) |
The calculator uses the standard EMI formula:
EMI = [P × R × (1+R)^N] / [(1+R)^N – 1]
Where P = loan amount, R = monthly interest rate (annual ÷ 12 ÷ 100), and N = number of months.
You can adjust these inputs and instantly see how your monthly EMI, total interest, and total payment change.
Example: Car Loan EMI Comparison
| Loan Amount | Interest Rate | Tenure | Monthly EMI | Total Interest |
|---|---|---|---|---|
| ₹5,00,000 | 9% p.a. | 3 years | ₹15,900 | ₹72,400 |
| ₹10,00,000 | 10% p.a. | 5 years | ₹21,247 | ₹2,74,820 |
| ₹15,00,000 | 8.5% p.a. | 7 years | ₹23,853 | ₹5,04,500 |
(Approximate figures for illustration. Actual EMI may vary based on bank and credit score.)
Car Loan Eligibility Calculator
Wondering how much loan amount you qualify for? Use EMI Wale’s Car Loan Eligibility Calculator to find out in seconds.
It checks factors like:
Monthly income
Existing EMIs or loans
Credit score (CIBIL)
Employment type (salaried or self-employed)
Interest rate and tenure
Check Your Car Loan Eligibility Now
Why Use EMI Wale’s Auto Loan Calculator
Free & Accurate: No sign-up, no hidden charges.
Compare Loan Offers: Change rate and tenure to see EMI differences.
Plan Ahead: Know what fits your monthly budget before applying.
Instant Results: Real-time EMI calculation for faster decision making.
Universal Compatibility: Works for HDFC, SBI, Axis Bank, ICICI, and all leading lenders.
You can also explore:
Smart Tips to Reduce Car Loan EMI
Opt for a higher down payment to reduce loan amount.
Compare fixed vs. floating interest rates before finalizing.
Choose shorter tenure if affordable — it reduces total interest.
Maintain a good credit score (750+) to get the lowest rates.
Check for special festive offers or manufacturer-partnered finance deals.
Want to see full guide on car loan this year?
👉 Car loan guide 2025
Frequently Asked Questions
Q1. What is a good interest rate for a car loan in India?
A: As of 2025, car loan rates range between 8.5% – 11% p.a., depending on your credit profile and bank.
Q2. Can I prepay my car loan early?
A: Yes, most banks allow part or full prepayment after 6–12 EMIs. Doing so reduces your total interest outgo.
Q3. Is this calculator applicable for used car loans?
A: Absolutely! Enter your used car loan amount, interest rate, and tenure — it works the same way.
Q4. Does the calculator include processing fees?
A: No. This tool gives EMI estimates based on loan amount, interest, and tenure only.
Plan Smart, Drive Easy
A car loan doesn’t have to be stressful. Use EMI Wale’s Auto Loan EMI Calculator to plan your repayment comfortably before buying.
Once you’re clear on your EMI, compare offers, check eligibility, and apply confidently.
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