Car Loan EMI Calculator
Plan your car purchase with instant monthly EMI calculations, interest cost analysis, and complete payment breakdown.
Car Loan EMI Details
Illustrative 9.5% annual rate by default; replace it with the lender's quoted APR.
EMI Summary
Monthly EMI is rounded to the nearest rupee for display. Total repayment uses the precise unrounded EMI; the final schedule instalment absorbs rounding so principal is repaid exactly.
Amortization Schedule (Annual Checkpoints)
| Month | Opening Balance | EMI | Principal | Interest | Closing Balance |
|---|---|---|---|---|---|
| Month 1 | ₹8,00,000 | ₹13,075 | ₹6,742 | ₹6,333 | ₹7,93,258 |
| Month 12 | ₹7,22,834 | ₹13,075 | ₹7,353 | ₹5,722 | ₹7,15,481 |
| Month 24 | ₹6,30,658 | ₹13,075 | ₹8,082 | ₹4,993 | ₹6,22,576 |
| Month 36 | ₹5,29,334 | ₹13,075 | ₹8,884 | ₹4,191 | ₹5,20,450 |
| Month 48 | ₹4,17,954 | ₹13,075 | ₹9,766 | ₹3,309 | ₹4,08,188 |
| Month 60 | ₹2,95,522 | ₹13,075 | ₹10,735 | ₹2,340 | ₹2,84,787 |
| Month 72 | ₹1,60,939 | ₹13,075 | ₹11,801 | ₹1,274 | ₹1,49,138 |
| Month 84 | ₹12,998 | ₹13,101 | ₹12,998 | ₹103 | ₹0 |
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Frequently Asked Questions (FAQs)
Auto-loan rates and tenures vary by lender, borrower, vehicle, security, benchmark and date. Use the annual percentage rate, fees and tenure in the lender’s current key-facts statement rather than a market-wide “typical” range.