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Finance Calculators

Car Loan EMI Calculator

Verified formula Updated Jun 2026 Private — runs on your device

Enter details
₹
%
7 years
1 years8 years
Verified formula Private

Monthly EMI

₹13,075

Principal amount
₹8,00,000
Total interest
₹2,98,316
Total payment
₹10,98,316
View chart data
Principal amount800000
Total interest298316

For general information only — not financial, tax, legal or medical advice. Verify before you rely on it.

How to use the Car Loan EMI Calculator

The Car Loan EMI Calculator works out your monthly emi, along with 3 related figures in an instant. Enter loan amount, interest rate (p.a.) and loan tenure and the result updates as you type — it is free, needs no sign-up, and runs entirely in your browser so your figures stay private.

  1. Enter the loan amount.
  2. Enter the interest rate (p.a.).
  3. Set the loan tenure.
  4. Read off your monthly emi, together with principal amount, total interest and total payment — the calculator updates automatically, with no button to press.

Worked example

For example, with loan amount of ₹800,000, interest rate (p.a.) of 9.5% and loan tenure of 7 years, the monthly emi is ₹13,075.

Inputs used
Loan amount ₹800,000
Interest rate (p.a.) 9.5%
Loan tenure 7 years
Results
Monthly EMI ₹13,075
Principal amount ₹8,00,000
Total interest ₹2,98,316
Total payment ₹10,98,316

Results are estimates for educational use, not professional advice.

Key terms explained

EMI
Equated Monthly Instalment — the fixed monthly payment on a loan covering both interest and principal.
Interest rate
The percentage charged on a loan or paid on savings, usually quoted per year (per annum).
Principal
The original sum of money borrowed or invested, before any interest is added.
Tenure
The length of time over which a loan is repaid or an investment is held.

Frequently asked questions

EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), where P is the loan amount, r the monthly rate (annual rate ÷ 12 ÷ 100) and n the number of monthly instalments.

Car loans usually run 1–7 years. A shorter tenure means higher EMIs but less total interest; a longer tenure eases monthly outgo but costs more overall.

Yes. A larger down payment lowers the loan amount, which directly reduces both your EMI and the total interest you pay.

No. This estimates principal and interest only. Lenders may add processing fees, insurance and other charges, so the real cost can be a little higher.

Enter the loan amount. Enter the interest rate (p.a.). Set the loan tenure. Read off your monthly emi, together with principal amount, total interest and total payment — the calculator updates automatically, with no button to press.

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