Calculate your monthly car loan payment including down payment, trade-in, taxes and fees.
Borrow the price minus down payment and trade-in, plus taxes and fees. A ₹10,00,000 car with ₹2,00,000 down and ₹10,000 fees at 9% for 5 years has an EMI of ₹16,814.27.
The Auto Loan Calculator estimates the monthly payment and total cost of financing a car. Enter the vehicle price, your down payment, any trade-in or rebate, sales tax and fees and it works out the amount to borrow, the monthly EMI and the total interest over the term.
Shorter terms mean higher payments but much less interest; longer terms reduce the EMI but cost more overall and leave you owing more than the car is worth for longer. Add extra payments to see how overpaying shortens the loan. Compare a car loan with a personal loan or check cash back or low interest offers.
The calculator applies the standard financial formulas step by step.
| Item | Amount |
|---|---|
| Price | ₹10,00,000.00 |
| Down payment | ₹2,00,000.00 |
| Loan amount | ₹8,10,000.00 |
| Monthly payment (principal + interest) | ₹16,814.27 |
| Total interest | ₹1,98,856.06 |
| Total of all payments | ₹10,08,856.06 |
| Time to pay off | 5 years |
| Term | 8% p.a. | 9% p.a. | 10% p.a. |
|---|---|---|---|
| 3 years | ₹25,382.46 | ₹25,757.78 | ₹26,136.42 |
| 4 years | ₹19,774.47 | ₹20,156.88 | ₹20,543.69 |
| 5 years | ₹16,423.88 | ₹16,814.27 | ₹17,210.11 |
| 7 years | ₹12,624.83 | ₹13,032.15 | ₹13,446.96 |
The amount borrowed (price − down payment − trade-in + taxes and fees) is spread over the term using the EMI formula at the monthly interest rate.
Many lenders ask for 10–20%. A larger down payment lowers the EMI and the interest, and reduces the risk of owing more than the car is worth.
Shorter loans cost less interest; longer loans have lower EMIs but cost more and keep you in debt longer. Check the term table.
Enter them in the fees box and they are added to the loan amount; if you pay them upfront, leave the box empty.
It is subtracted from the amount you borrow, like an extra down payment.
Often yes, though some lenders charge a prepayment fee. The extra-payment boxes show the saving.
It uses the standard formula: EMI = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1) The full method and a worked example are shown on this page.
No. The calculator gives estimates for planning and learning. Real offers vary by lender, product and date, so confirm the details with your bank, lender or a qualified adviser before deciding.
Yes. The maths is identical in any currency; only the currency symbol shown in the results differs.
No. Everything is calculated in your browser and nothing you enter is uploaded or saved.
