Car Loan Calculator

Typical down payment is 10–20% of on-road price.

Planning to buy a new car? Our car loan EMI calculator helps you estimate your monthly payment based on the on-road price, down payment, loan interest rate, and tenure. Car loan rates in India range from 7.75% to 12% p.a. (2026), with manufacturers like Maruti, Hyundai, and Tata offering periodic 0% EMI schemes through their NBFCs.

A typical car loan example: ₹8 lakh car, ₹2 lakh down payment, ₹6 lakh loan at 9% for 5 years — EMI = ₹12,446, total interest = ₹74,761. Reducing tenure to 3 years: EMI = ₹19,074 but interest drops to ₹44,676 — saving ₹30,085. Use this auto loan calculator to find the optimal balance between affordable EMI and minimum interest cost.

Important considerations when using our car EMI calculator India: (1) Down payment of 20–30% reduces loan amount significantly, (2) Processing fees (0.5–2%) add to the effective cost, (3) Insurance (mandatory) adds ₹15,000–₹40,000 annually, (4) Comprehensive insurance is required by most lenders. Always calculate the total cost of ownership, not just the EMI.