Car Loan · New & Used · EMI Calculator

Car Loan EMI Calculator —
True Cost of Buying on Loan

A ₹10 lakh car at 8.5% for 7 years costs ₹15.7 lakhs total — ₹5.7 lakhs in interest alone. Know the full cost before you sign.

EMI = [P × R × (1+R)^N] / [(1+R)^N-1]. New car loans: 7.5-9.5%. Used car loans: 11-16%. Shorter tenure = less interest but higher EMI.
Car Loan Details
Loan Amount
₹800,000
₹10K₹1Cr
Interest Rate
8.5% p.a.
5%36%
Loan Tenure
7 years
1 yr30 yrs
Monthly EMI
₹0
total interest: ₹0
Principal
₹0
Total Interest
₹0
Total Payment
₹0
Interest %
0%
Amortization Schedule (First 12 Months)
MonthEMI (₹)Principal (₹)Interest (₹)Balance (₹)