Planning to buy a new or used car with a loan? Our Car Loan EMI Calculator helps you estimate your monthly payments instantly. Just enter your loan amount, interest rate, and loan tenure to know how much EMI you’ll pay every month.
Whether you’re applying with SBI, HDFC, ICICI, or any other Indian bank, this calculator works for all car loan plans.
Monthly Loan EMI
₹
Total Interest Payable
₹
Total Payment
(Principal + Interest)
₹
What is a Car Loan EMI?
Car Loan EMI (Equated Monthly Installment) is the fixed amount you pay every month to repay your car loan. It includes two parts:
- 🔹 Principal Amount – The loan amount you borrow
- 🔹 Interest Amount – The cost of borrowing from the lender
The EMI remains constant throughout the loan tenure, but the ratio of principal and interest changes month by month.
How to Use the Car Loan EMI Calculator?
The calculator is simple and fast. You only need to:
- Enter the loan amount (e.g., ₹6,00,000)
- Choose the interest rate (e.g., 9.5% per annum)
- Select the loan tenure (e.g., 5 years)
Click “Calculate”, and the tool will instantly show:
- ✅ Monthly EMI
- ✅ Total Interest Payable
- ✅ Total Amount Payable (Loan + Interest)
Benefits of Using Our Car Loan EMI Calculator
- 🚗 Quick Calculation – No manual formula needed
- 💡 Compare Loan Options – Try different banks or tenures
- 🧾 Transparent Breakdown – Know exactly how much you’ll pay
- 🏦 Bank-Friendly – Works for all Indian banks and NBFCs
Example of a Car Loan EMI Calculation
Let’s say you take a car loan of ₹7,00,000 at 10% interest for 5 years.
Your EMI would be approximately ₹14,872 per month, and the total interest payable would be around ₹1.92 lakhs.
You can try different combinations using the calculator to find a repayment plan that fits your budget.
Tips to Reduce Your Car Loan EMI
- Choose a longer tenure to lower the monthly EMI
- Make a higher down payment to reduce loan amount
- Compare offers from multiple banks before finalizing
- Look out for seasonal offers or festive discounts on interest rates
Check Car Loan EMI for Any Bank
Our calculator supports EMI estimates for all major banks and lenders in India, including:
- SBI Car Loan
- HDFC Car Loan
- ICICI Bank Car Loan
- Axis Bank Auto Loan
- Bajaj Finserv and more
Conclusion
Before applying for a car loan, use our Car Loan EMI Calculator to check if the EMI fits your monthly budget. It helps you make smart choices and avoid financial pressure later on.
👉 Try it now and drive home your dream car with confidence!