Car Loan EMI Calculator

Calculate your monthly EMI instantly. Adjust loan amount, down payment, tenure and interest rate to find the perfect plan.

EMI Calculator

Loan Amount₹10.00 L

₹2L₹50.00 L

Down Payment₹2.00 L (20%)

0%80%

Tenure5 yr

Interest8.5%

Monthly EMI

₹16,413

for 5 years at 8.5% p.a.

● Principal: ₹8.00 L● Interest: ₹1.85 L

Loan Amount

₹8.00 L

Total Payment

₹9.85 L

Higher down payment = Lower EMI. Aim for 20-30% to get better interest rates.

Shorter tenure saves money. A 3-year loan costs significantly less in total interest vs 7 years.

Check your credit score first. CIBIL 750+ gets you 8-9% rates, below 700 may mean 12%+.

EMI shouldn't exceed 20% of income. Keep your debt-to-income ratio healthy.

SBI8.50%

HDFC8.75%

ICICI8.90%

Bank of Baroda8.45%

Kotak9.00%

* Rates vary by profile & tenure. Updated Jun 2025.