Car Loan EMI Calculator
Input Details
₹
₹ 1L
₹ 10L
₹ 20L
₹ 35L
₹ 2Cr
₹
₹ 0
10%
20%
30%
50%
Net Loan Amount (Car Price - Down Payment):
₹ 9,60,000
%
5%
8.5%
10.5%
13%
15%
22%
1 Yr
2 Yrs
3 Yrs
4 Yrs
5 Yrs
6 Yrs
7 Yrs
8 Yrs
Typically 0.5% to 1.5% plus GST is charged by banks
%
Car Loan Guidance: Since a vehicle is a depreciating asset, putting down at least 20% as down payment and capping the loan tenure to 5 years avoids excessive interest outflow.
Monthly Car Loan EMI
₹ 19,833
/ month
Total
₹ 11.90 L
Principal Loan Amount
₹ 9,60,000
(80.7%)
Total Interest Outflow
₹ 2,29,974
(19.3%)
Total Amount Payable to Bank
₹ 11,89,974
On-Road Car Price:
₹ 12,00,000
Down Payment Paid:
₹ 2,40,000
Processing Fee (Approx):
₹ 4,800
Total Vehicle Outlay (Down Payment + EMI):
₹ 14,34,774
Yearly Repayment & Loan Balance Breakdown
Visualizing annual principal repaid, interest paid, and remaining loan balance
Principal
Interest
Balance
Car Loan Repayment Schedule
Click on any year to view monthly principal and interest breakdown.
| Year / Month | Opening Balance | Principal Paid | Interest Paid | Total Installment | Closing Balance | Loan Paid % |
|---|
Key Assumptions
- Calculated using the monthly reducing balance method.
- Assumes a fixed interest rate with EMIs payable at the end of each monthly cycle.
- Processing fees, documentation charges, and applicable GST may vary across lenders.
- Prepayment and foreclosure conditions are subject to individual bank/NBFC guidelines (RBI mandates zero foreclosure charges on floating-rate loans to individuals).