Car Loan Calculator
Plan your car purchase by estimating the monthly EMI, total interest and overall cost of an auto loan. Car loans usually run for 3–7 years at slightly higher rates than home loans.
Car Loan Calculator
FinanceEstimate auto-loan EMIs and total cost of ownership.
Car loan details
₹8,00,000
₹
9.5 %
%
5 years
years
Monthly EMI
₹16,801
Total payment₹10,08,089
- Principal
- Interest
- Principal
- ₹8,00,000
- Total interest
- ₹2,08,089
- Total payment
- ₹10,08,089
Frequently asked questions
Should I choose a shorter car-loan tenure?
Shorter tenures mean higher EMIs but far less total interest, and you build equity in the car faster. Pick the shortest tenure you can comfortably afford.
What down payment is ideal for a car?
A down payment of 20% or more reduces the loan amount, your EMI and total interest, and improves loan approval odds.
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