Car Loan EMI Calculator
Set to a car loan already. Enter the loan amount, rate and tenure.
Car loans usually run for 1 to 7 years. On an ₹8 lakh loan at 9.5%, the EMI is ₹16,801 for 5 years, with about ₹2.08 lakh of interest in all.
Set to a car loan already. Enter the loan amount, rate and tenure.
Car loans usually run for 1 to 7 years. On an ₹8 lakh loan at 9.5%, the EMI is ₹16,801 for 5 years, with about ₹2.08 lakh of interest in all.
Car loans usually run for 1 to 7 years. On an ₹8 lakh loan at 9.5%, the EMI is ₹16,801 for 5 years, with about ₹2.08 lakh of interest in all.
Most banks lend up to 80 to 90% of the on-road price. A larger down payment lowers both the EMI and the interest, and a shorter tenure keeps the interest down even though the EMI is higher.
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At 9.5% for 5 years it is about ₹21,000 a month. For 7 years it falls to about ₹16,340, but you pay much more interest.
It lowers the EMI, but the car loses value faster than the loan is repaid, and the total interest is much higher. Five years or less is usually wiser.
Usually yes, though fixed-rate car loans often carry a foreclosure charge of a few percent. Check your loan agreement, then add the prepayment above to see the saving.
Yes, it is free, with no sign-up. Everything is worked out inside your browser, so nothing you type is sent to a server.