Free Tool
Car Loan EMI Calculator
Plan your car purchase with ease. Calculate your monthly EMI, total interest and create a repayment schedule instantly.
Loan Parameters
₹8,00,000
₹2L₹1Cr
₹2,00,000 (25%)
₹090%
48 months
12 months84 months
9.5% p.a.
7%20%
Repayment Schedule (First 6 months)
| Month | EMI | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | ₹15,074 | ₹10,324 | ₹4,750 | ₹5,89,676 |
| 2 | ₹15,074 | ₹15,036 | ₹38 | ₹5,69,927 |
| 3 | ₹15,074 | ₹19,786 | ₹0 | ₹5,40,642 |
| 4 | ₹15,074 | ₹24,573 | ₹0 | ₹5,01,707 |
| 5 | ₹15,074 | ₹29,398 | ₹0 | ₹4,53,008 |
| 6 | ₹15,074 | ₹34,262 | ₹0 | ₹3,94,429 |
* Showing first 6 months of 48-month schedule
Monthly EMI
₹15,074
Loan Amount₹6,00,000
Down Payment₹2,00,000
Total Interest₹1,23,546
Total Amount₹9,23,546
Loan Breakdown
Principal₹6,00,000
Interest₹1,23,546
Tips to Reduce Your EMI
Higher Down Payment
Pay more upfront to reduce your loan amount and lower your monthly EMI.
Longer Tenure
Choose a longer repayment period to spread EMI payments, though it increases total interest.
Good Credit Score
A CIBIL score of 750+ helps you negotiate better interest rates from banks.