Car Loan EMI Calculator
Calculate your monthly EMI for a car loan based on loan amount, interest rate, and loan tenure.
Results:
Monthly EMI: 0 INR
Total Interest Payable: 0 INR
Total Amount Payable: 0 INR
Amortization Schedule:
| Month | EMI | Principal | Interest | Remaining Balance |
|---|
What is a Car Loan EMI Calculator?
The Car Loan EMI Calculator helps you calculate your monthly EMI (Equated Monthly Installment) based on your loan amount, interest rate, and loan tenure. It gives a clear picture of how much you need to pay every month for your car loan.
Why and When to Use It
Use this calculator before applying for a car loan. It helps you plan your budget by showing how much EMI you will have to pay. Whether you’re buying a new car or a used one, this tool helps you compare different loan options.
How to Use the Car Loan EMI Calculator
- Enter the Loan Amount you want to borrow.
- Enter the Interest Rate offered by the lender.
- Enter the Loan Tenure in months or years.
- Click on Calculate – you’ll get the monthly EMI, total interest, and total payment instantly.
Tips & Insights
- Try different combinations to find a comfortable EMI for your budget.
- A lower tenure may mean higher EMIs but less total interest.
- Useful for loan comparison across banks or finance companies.