Car Loan EMI Calculator
Estimate the equated monthly instalment, total interest and outstanding balance on a Car Loan.
8,00,000
9.50
5
Monthly EMI
₹16,801
Total interest payable
₹2,08,089
Total amount payable
₹10,08,089
| Year | Principal paid | Interest paid | Outstanding |
|---|---|---|---|
| Year 1 | ₹1,31,234 | ₹70,383 | ₹6,68,766 |
| Year 2 | ₹1,44,259 | ₹57,359 | ₹5,24,506 |
| Year 3 | ₹1,58,576 | ₹43,041 | ₹3,65,930 |
| Year 4 | ₹1,74,315 | ₹27,303 | ₹1,91,615 |
| Year 5 | ₹1,91,615 | ₹10,003 | ₹0 |
// about this calculator
Car loans typically run 3–7 years at 8.5–11% p.a. Because cars depreciate quickly, longer tenors mean you owe more than the car is worth for several years — keep the tenor as short as your budget allows.
// frequently asked questions
EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is principal, r is monthly interest rate (annual ÷ 12 ÷ 100), and n is number of months.