Car Loan EMI Calculator
Cars depreciate the moment they leave the showroom, which makes the loan math different from a home loan, you're financing a depreciating asset, so shorter tenures and larger down payments matter more here than almost anywhere else.
- Aim to finance no more than 80% of the on road price, a larger down payment protects you if you need to sell early.
- Keep tenure under 5 years where possible; longer tenures often mean you owe more than the car is worth for years.
- Factor in insurance, registration, and maintenance on top of the EMI, the sticker price is never the full cost.
- Compare dealer arranged financing against your own bank or NBFC, dealer rates aren't always the cheapest.
If you can invest your cash at a return higher than the loan's interest rate, financing can make sense. Otherwise, a shorter loan tenure with a larger down payment usually minimizes total cost.
Lenders generally reserve their best rates (often under 9%) for borrowers with strong credit history and stable income. Rates rise from there depending on risk profile.
No, this calculator computes EMI on the loan principal only. Add insurance, registration, and extended warranty costs separately when budgeting your total on road cost.
Prepayment Simulator
Drop a lumpsum or bump your monthly EMI. Watch interest and tenure shrink in real time.
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