The Car Loan Total Cost Calculator works out your total cost of car loan, along with 1 related figure in an instant. Enter monthly payment (emi), loan term and down payment 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.
Enter the monthly payment (emi).
Enter the loan term.
Enter the down payment.
Read off your total cost of car loan, together with total of payments — the calculator updates automatically, with no button to press.
Formula
The Car Loan Total Cost Calculator uses the formula:
Total cost of car loan = Monthly payment (EMI) × Loan term + Down payment
Worked example
For example, with monthly payment (emi) of 10,000, loan term of 60 months and down payment of 0, the total cost of car loan is ₹6,00,000.00.
Inputs used
Monthly payment (EMI)
10,000
Loan term
60 months
Down payment
0
Results
Total cost of car loan
₹6,00,000.00
Total of payments
₹6,00,000.00
Results are estimates for educational use, not professional advice.
The upfront portion of a purchase price you pay yourself, with the rest financed by a loan.
Frequently asked questions
Multiply the EMI by the number of months and add any down payment. 10,000 a month for 60 months is 600,000 in payments.
Yes, indirectly. The EMI already contains interest, so the total of payments reflects principal plus interest.
Subtract the loan principal from the total of payments to see the interest paid over the term.
It is part of what you spend to own the car, so adding it shows the full outlay.
The Car Loan Total Cost Calculator uses the formula: Total cost of car loan = Monthly payment (EMI) × Loan term + Down payment. For example, with monthly payment (emi) of 10,000, loan term of 60 months and down payment of 0, the total cost of car loan is ₹6,00,000.00.
Enter the monthly payment (emi). Enter the loan term. Enter the down payment. Read off your total cost of car loan, together with total of payments — the calculator updates automatically, with no button to press.
Reference table of total cost of car loan for Car Loan Total Cost across a range of monthly payment (emi) values — exact, engine-computed figures you can read off at a glance.