Calculator
Car loan EMI calculator
The car depreciates from day one — keep the loan shorter than the love.
Typical car loans: 9–12% over 3–7 years. No tax benefit; a bigger down payment beats a longer tenure almost every time.
- Monthly EMI₹16,998
- Total interest₹2.20 L
- Total payable₹10.20 L
Hover a bar for that year's principal vs interest split.
Reducing-balance EMI. A 0.5% rate negotiation or yearly prepayment shortens the loan more than it looks — run the numbers before signing.