Car Loan EMI Calculator
Find the EMI on a car loan, the total interest over the tenure and how prepayments shorten it.
- Free
- No sign-up
Enter the loan amount, rate and tenure to see your EMI.
Worked example
With these example inputs:
- Loan amount₹800,000
- Interest rate9.5%
- Tenure7 yr
Monthly EMI: ₹13,075
- Total interest₹298,316
- Total of payments₹1,098,316
- Payoff time7 yr
Frequently asked questions
How is car loan EMI calculated?
EMI uses the reducing-balance formula on the loan amount, monthly rate and number of months. A shorter tenure means a higher EMI but less total interest.
Should I choose a longer car loan tenure?
A longer tenure lowers the EMI but raises total interest. Pick the shortest tenure whose EMI fits comfortably in your budget.