Car Loan EMI Calculator
Calculate your car loan EMI, total interest payable, and complete repayment schedule for new or used vehicle financing.
• EMI is calculated using reducing balance method.
• Interest rate is assumed constant.
• Actual loan terms may vary by lender.
Monthly EMI
₹ 13,075
Principal
₹ 8,00,000
Total Interest
₹ 2,98,316
Total Amount Payable
₹ 10,98,316
Schedule showing EMI payments starting from
January 2026
EMI Payment & Balance Over Time
| Year | Principal (A) | Interest (B) | Total Payment (A + B) | Balance | Loan Paid % |
|---|---|---|---|---|---|
| ⊞ 2026 | ₹ 84,519 | ₹ 72,383 | ₹ 1,56,902 | ₹ 7,15,481 | 10.56% |
| ⊞ 2027 | ₹ 92,908 | ₹ 63,994 | ₹ 1,56,902 | ₹ 6,22,573 | 22.18% |
| ⊞ 2028 | ₹ 1,02,129 | ₹ 54,774 | ₹ 1,56,902 | ₹ 5,20,444 | 34.94% |
| ⊞ 2029 | ₹ 1,12,265 | ₹ 44,637 | ₹ 1,56,902 | ₹ 4,08,179 | 48.98% |
| ⊞ 2030 | ₹ 1,23,407 | ₹ 33,495 | ₹ 1,56,902 | ₹ 2,84,773 | 64.40% |
| ⊞ 2031 | ₹ 1,35,655 | ₹ 21,248 | ₹ 1,56,902 | ₹ 1,49,118 | 81.36% |
| ⊞ 2032 | ₹ 1,49,118 | ₹ 7,784 | ₹ 1,56,902 | ₹ 0 | 100.00% |
A Car Loan EMI Calculator helps you estimate your monthly outflow before you drive off the lot. Knowing your EMI in advance helps you choose the right loan amount, tenure, and down payment combination.
Car loan EMIs are calculated on a reducing balance basis — meaning interest is charged on the outstanding principal, not the original loan amount. This means your interest component reduces every month as you repay.
Tip: A larger down payment reduces your loan amount significantly, lowering both your EMI and the total interest you pay over the tenure.
You can also explore our Home Loan EMI Calculator or Personal Loan EMI Calculator for other loan types.