Free Car Loan EMI Calculator
Work out your car loan EMI starting from the vehicle's on-road price and your down payment — no signup, nothing sent to a server. Financing something else instead? Try the Personal Loan EMI Calculator or the general EMI Calculator.
Monthly EMI
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Loan amount
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Down payment
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Total interest
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Total payment
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How to calculate car loan EMI
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1
Enter the on-road car price
Include registration, insurance, and accessories if the loan covers them.
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2
Set your down payment percentage
The remaining amount becomes the loan principal.
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3
Enter the interest rate and tenure
Use the rate quoted by your lender and the repayment period in years.
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4
Read the EMI breakdown
Loan amount, EMI, total interest, and total payment update instantly as you type.
Example use cases
Comparing new vs used car financing
Used-car loans usually carry a higher rate and shorter tenure — plug in both to compare the real monthly cost.
Deciding the down payment
See how putting more money down upfront reduces the EMI and total interest.
Budgeting before you visit the dealer
Know your expected EMI before negotiating the on-road price.
Frequently asked questions
Should I use the on-road price or the ex-showroom price?
Use the on-road price — it includes registration, insurance, and other charges, so the loan amount you calculate matches what most lenders will actually finance against.
How is the loan amount worked out?
Loan amount = On-road price − Down payment. EMI is then calculated on that loan amount using the standard reducing-balance formula.
What down payment do lenders typically expect?
Most car loans finance 80-90% of the on-road price, so a down payment of 10-20% is common. A larger down payment lowers both the loan amount and the EMI.
Is my financial information sent to a server?
No. The calculation runs entirely in your browser — nothing is transmitted or logged.