FinToolsCar Loan Calculator
Drive Your Dream

Car Loan Calculator

Calculate your car loan EMI, total interest, and repayment schedule. Compare different loan amounts, interest rates, and tenures to find the best plan.

Loan Details

₹8,00,000
₹1L₹1Cr
8.75%
1%20%

Typical car loan rates: 8-10%

5 Years
1 Year7 Years

Car loans typically have 1-7 year tenure.

Your EMI Summary

Monthly EMI

₹16,510

Total Interest Payable

₹1,90,587

Total Payment

₹9,90,587

Loan Summary

Principal Amount₹8,00,000
Interest to Principal Ratio0.24x
19.2%Interest Share
Principal
Interest

You'll pay ₹1,90,587 in interest over 5 years.

Smart Car Loan Tips

Compare rates across banks and NBFCs. A higher down payment reduces interest burden. Choose a shorter tenure if EMI is affordable – it saves significant interest. Check for prepayment charges and processing fees before finalising.