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Calculate your car loan EMI and plan your dream car purchase
17% of vehicle price
Vehicle price minus down payment
Enter your loan details to calculate EMI
Example Calculation:
₹6,00,000 car with ₹1,00,000 down payment
₹5,00,000 loan at 8.5% for 5 years → EMI: ₹10,260.00
₹5,00,000 car, 20% down
₹10,00,000 car, 15% down
₹20,00,000 car, 25% down
EMI = [P x R x (1+R)^N]/[(1+R)^N-1] where P is principal, R is monthly interest rate, and N is loan term in months.
A 20% down payment is generally recommended. It reduces your loan amount, lowers interest costs, and helps avoid being 'upside-down' on your loan.
Longer terms lower monthly payments but increase total interest paid significantly. Shorter terms have higher payments but save thousands in interest.
Compare different loan scenarios to find the best option
Note: This calculator provides estimates. Actual loan terms may vary by lender.