Loans

Car Loan EMI Calculator

Calculate car loan EMI, interest cost, total payable, and the impact of optional part payments.

Loan Amount

Loan after down payment. Example: Rs 10,00,000.

RsINR

Rs 1LRs 50L

10 lakh

Duration

Car loan duration in years. Example: 5 years = 60 terms.

Years

Rate of Interest

Annual car loan rate. Default uses a practical market estimate.

Percent

6%20%

Part Payment

Extra repayment apart from EMI. Keep blank if none.

RsINR

Part payment frequency Example: Yearly adds payment on terms 12, 24, 36...Benefit preference Choose whether extra payments reduce tenure or EMI.

Equated Monthly Installments (EMI)₹20,856

Principal Amount₹10,00,000

Interest Amount₹2,51,333

Total Amt Payable₹12,51,333

Term Based Amortization Schedule

Each term is one monthly repayment. Optional part payments appear only on the terms where the selected frequency applies.

Term	Payment Type	Opening Balance	Repayment Amount	Interest Paid	Principal Repaid	Closing Balance
1	Regular EMI	₹10,00,000	₹20,856	₹7,667	₹13,189	₹9,86,811
2	Regular EMI	₹9,86,811	₹20,856	₹7,566	₹13,290	₹9,73,521
3	Regular EMI	₹9,73,521	₹20,856	₹7,464	₹13,392	₹9,60,129
4	Regular EMI	₹9,60,129	₹20,856	₹7,361	₹13,495	₹9,46,635
5	Regular EMI	₹9,46,635	₹20,856	₹7,258	₹13,598	₹9,33,037
6	Regular EMI	₹9,33,037	₹20,856	₹7,153	₹13,702	₹9,19,334
7	Regular EMI	₹9,19,334	₹20,856	₹7,048	₹13,807	₹9,05,527
8	Regular EMI	₹9,05,527	₹20,856	₹6,942	₹13,913	₹8,91,614
9	Regular EMI	₹8,91,614	₹20,856	₹6,836	₹14,020	₹8,77,594
10	Regular EMI	₹8,77,594	₹20,856	₹6,728	₹14,127	₹8,63,467
11	Regular EMI	₹8,63,467	₹20,856	₹6,620	₹14,236	₹8,49,231
12	Regular EMI	₹8,49,231	₹20,856	₹6,511	₹14,345	₹8,34,886
13	Regular EMI	₹8,34,886	₹20,856	₹6,401	₹14,455	₹8,20,431
14	Regular EMI	₹8,20,431	₹20,856	₹6,290	₹14,566	₹8,05,866
15	Regular EMI	₹8,05,866	₹20,856	₹6,178	₹14,677	₹7,91,189
16	Regular EMI	₹7,91,189	₹20,856	₹6,066	₹14,790	₹7,76,399
17	Regular EMI	₹7,76,399	₹20,856	₹5,952	₹14,903	₹7,61,496
18	Regular EMI	₹7,61,496	₹20,856	₹5,838	₹15,017	₹7,46,478
19	Regular EMI	₹7,46,478	₹20,856	₹5,723	₹15,133	₹7,31,346
20	Regular EMI	₹7,31,346	₹20,856	₹5,607	₹15,249	₹7,16,097
21	Regular EMI	₹7,16,097	₹20,856	₹5,490	₹15,365	₹7,00,732
22	Regular EMI	₹7,00,732	₹20,856	₹5,372	₹15,483	₹6,85,248
23	Regular EMI	₹6,85,248	₹20,856	₹5,254	₹15,602	₹6,69,646
24	Regular EMI	₹6,69,646	₹20,856	₹5,134	₹15,722	₹6,53,925
25	Regular EMI	₹6,53,925	₹20,856	₹5,013	₹15,842	₹6,38,083
26	Regular EMI	₹6,38,083	₹20,856	₹4,892	₹15,964	₹6,22,119
27	Regular EMI	₹6,22,119	₹20,856	₹4,770	₹16,086	₹6,06,033
28	Regular EMI	₹6,06,033	₹20,856	₹4,646	₹16,209	₹5,89,824
29	Regular EMI	₹5,89,824	₹20,856	₹4,522	₹16,334	₹5,73,490
30	Regular EMI	₹5,73,490	₹20,856	₹4,397	₹16,459	₹5,57,031
31	Regular EMI	₹5,57,031	₹20,856	₹4,271	₹16,585	₹5,40,446
32	Regular EMI	₹5,40,446	₹20,856	₹4,143	₹16,712	₹5,23,734
33	Regular EMI	₹5,23,734	₹20,856	₹4,015	₹16,840	₹5,06,894
34	Regular EMI	₹5,06,894	₹20,856	₹3,886	₹16,969	₹4,89,925
35	Regular EMI	₹4,89,925	₹20,856	₹3,756	₹17,099	₹4,72,825
36	Regular EMI	₹4,72,825	₹20,856	₹3,625	₹17,231	₹4,55,595
37	Regular EMI	₹4,55,595	₹20,856	₹3,493	₹17,363	₹4,38,232
38	Regular EMI	₹4,38,232	₹20,856	₹3,360	₹17,496	₹4,20,736
39	Regular EMI	₹4,20,736	₹20,856	₹3,226	₹17,630	₹4,03,106
40	Regular EMI	₹4,03,106	₹20,856	₹3,090	₹17,765	₹3,85,341
41	Regular EMI	₹3,85,341	₹20,856	₹2,954	₹17,901	₹3,67,440
42	Regular EMI	₹3,67,440	₹20,856	₹2,817	₹18,039	₹3,49,401
43	Regular EMI	₹3,49,401	₹20,856	₹2,679	₹18,177	₹3,31,225
44	Regular EMI	₹3,31,225	₹20,856	₹2,539	₹18,316	₹3,12,908
45	Regular EMI	₹3,12,908	₹20,856	₹2,399	₹18,457	₹2,94,452
46	Regular EMI	₹2,94,452	₹20,856	₹2,257	₹18,598	₹2,75,854
47	Regular EMI	₹2,75,854	₹20,856	₹2,115	₹18,741	₹2,57,113
48	Regular EMI	₹2,57,113	₹20,856	₹1,971	₹18,884	₹2,38,229
49	Regular EMI	₹2,38,229	₹20,856	₹1,826	₹19,029	₹2,19,200
50	Regular EMI	₹2,19,200	₹20,856	₹1,681	₹19,175	₹2,00,025
51	Regular EMI	₹2,00,025	₹20,856	₹1,534	₹19,322	₹1,80,703
52	Regular EMI	₹1,80,703	₹20,856	₹1,385	₹19,470	₹1,61,232
53	Regular EMI	₹1,61,232	₹20,856	₹1,236	₹19,619	₹1,41,613
54	Regular EMI	₹1,41,613	₹20,856	₹1,086	₹19,770	₹1,21,843
55	Regular EMI	₹1,21,843	₹20,856	₹934	₹19,921	₹1,01,922
56	Regular EMI	₹1,01,922	₹20,856	₹781	₹20,074	₹81,847
57	Regular EMI	₹81,847	₹20,856	₹627	₹20,228	₹61,619
58	Regular EMI	₹61,619	₹20,856	₹472	₹20,383	₹41,236
59	Regular EMI	₹41,236	₹20,856	₹316	₹20,539	₹20,697
60	Regular EMI	₹20,697	₹20,856	₹159	₹20,697	₹0

How to calculate Car Loan EMI?

Car loan EMI uses the reducing-balance EMI formula: EMI = [P x R x (1+R)^N] / [(1+R)^N - 1]. P is the financed loan amount, R is monthly interest rate, and N is total monthly terms.

Enter the car loan amount after down payment, repayment duration, and annual interest rate. The calculator shows EMI, total interest, total payable, part-payment impact, and a term-based amortization schedule.

What affects Car Loan EMI?

Loan amount: Higher financed amount increases EMI. A larger down payment lowers the principal and reduces total interest.

Vehicle and borrower profile: New car or used car, credit score, income stability, loan-to-value ratio, and lender/dealer offers can affect the rate.

Duration: Longer duration lowers monthly EMI but usually increases total interest. Shorter duration raises EMI but clears the loan faster.

Car Loan prepayment and part payment calculator

This calculator also helps with car loan prepayment calculator searches. Add a part payment amount, choose monthly, quarterly, yearly, or adhoc frequency, and compare the impact on total interest and repayment schedule.

Before using extra cash for prepayment, check foreclosure charges, lock-in rules, GST on fees, and whether your lender allows partial prepayment. For many borrowers, prepayment is useful when the loan rate is higher than the post-tax return available on safe investments.