Car Loan EMI Calculator Online Free Calculator | Instatnt Car Loan Calculator

Car Loan EMI Calculator

Loan Amount (₹)

Interest Rate (% p.a.)

Loan Tenure (Years)

EMI: ₹0

Total Interest Payable: ₹0

Total Payment: ₹0

Payment Breakdown

Amortization Schedule

Month	Principal	Interest	Balance

 🚗 Find Your Perfect Car Budget (Without the Math Headache)

Buying a car? Skip the confusing formulas. Our Car Loan EMI Calculator helps you:
✅ See exact monthly payments
✅ Compare loan tenures (1-7 years)
✅ Adjust interest rates (8%–18%)
✅ Plan your down payment

How It Works:

1. Enter loan amount (₹3 lakh to ₹50 lakh)

2. Choose interest rate (current bank rates)

3. Pick tenure (shorter = higher EMI, lower interest)

Get instant EMI + total interest

Example:

• ₹10 lakh loan | 9% interest | 5 years

• EMI: ₹20,758/month

• Total Interest: ₹2.45 lakh

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💡 3 Smart Tips to Lower Your EMI

1. Increase down payment – Pay 20%+ upfront

2. Extend tenure – 7-year loans = smaller EMIs

3. Negotiate rates – Check HDFC, SBI, ICICI offers

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❓ FAQs
Q: How is car loan EMI calculated?
A: EMI = [P x R x (1+R)^N]/[(1+R)^N-1] (P=Loan, R=Rate, N=Tenure)

Q: Does EMI include insurance?
A: No – Add ₹5k-10k/year separately.

Q: Can I prepay my loan?
A: Most banks allow after 12 EMIs (1-2% fee).