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      Car Loan EMI Calcuator

      Adjust Car Loan Parameters

      On-Road Price

      ₹ 10,00,000


      18,249 for 5 Years


      EMI Calculation for your Car Loan

      On-Road Price₹ 10,00,000
      Down Payment as per your Selectiont₹ 1,00,000
      Loan Amount₹ 9,00,000
      EMI Amount 18,249
      Interest Component1,94,940(17.8%)
      Principal Component9,00,000(82.2%)
      Total Payable over 5 Years10,94,940
      Note: This doesn't include bank processing fee.

      Car Loan Repayment Schedule

      This table helps you understand, how much loan payment will be pending at the end of the each year of the loan. This way, you can arrive at the amount you will need if you decide to pre-pay your loan.

      MonthsPrincipal PaidInterest PaidBalance Loan
      12₹ 1,52,503₹ 66,485₹ 7,47,497
      24₹ 1,65,164₹ 53,824₹ 5,82,333
      36₹ 1,78,872₹ 40,116₹ 4,03,461
      48₹ 1,93,719₹ 25,269₹ 2,09,742
      60₹ 2,09,742₹ 9,191₹ 0

      Check Car Loan EMIs of Popular Cars

      Mahindra XUV 3XO
      Mahindra XUV 3XO

      ₹ 7.49 Lakh

      Avg. Ex-Showroom price

      Maruti Suzuki Swift
      Maruti Suzuki Swift

      ₹ 6.49 Lakh

      Avg. Ex-Showroom price

      Maruti Suzuki Fronx
      Maruti Suzuki Fronx

      ₹ 7.51 Lakh

      Avg. Ex-Showroom price

      Tata Punch
      Tata Punch

      ₹ 6.13 Lakh

      Avg. Ex-Showroom price

      Tata Nexon
      Tata Nexon

      ₹ 8.00 Lakh

      Avg. Ex-Showroom price


      Here are the most important things you should consider while getting a car loan.
      • 1. Interest rate - Go for the loan with the lowest interest rate.
      • 2. Additional Charges - processing fee, prepayment charges, late payment penalty are some of the important points you need to check before taking a loan.
      • 3. Tenure and Max Loan Amount - Select a lender who gives you a loan that you can afford.
        -If Max loan amount is lower, you will have to shell out more money upfront to buy the car.
        -If Tenure is lower, your per month instalment amount will increase.
      • 4. Eligibility - Banks may have stricter eligibility requirements compared to NBFCs or other financial institutions.
      As a general rule, banks or other lenders offer you a car loan 3 to 4 times your annual income. So if you are earning ₹25000 per month, you can generally get a loan of ₹10-12 lakh to buy a new car.
      There are 2 important factors that decide how much max loan amount you can get to buy a new car.
      • 1. Car Value - Most banks/lenders offer a maximum loan of up to 90% of the on-road price or 100% of the ex-showroom price.
      • 2. Income - As a thumb rule, you can get a loan up to 3 to 4 times your gross annual income. So if you are earning ₹5 lakh per annum, you can generally get a maximum loan of ₹15 - 20 lakh to buy a new car.
      ₹20,276. We have assumed you want to take a car loan of Rs 10 lakh for 5 years. We have taken the interest rate for your car loan as 8%.