How to calculate a car loan EMI
- Type the loan amount after your down payment, the rate and the tenure.
- Read the EMI and the total interest.
- Compare other tenures, or add a prepayment.
About this tool
Enter the amount you will borrow, which is the car price minus your down payment, then the yearly rate and the tenure. You get the EMI, the total interest and a repayment table you can download. The starting numbers are examples only. A shorter tenure raises the EMI but cuts the interest.
Common questions
Should I enter the full car price?
Enter only the amount you borrow. Take away your down payment first.
What tenure should I choose?
A longer tenure gives a lower EMI but more total interest. Try two or three tenures here and compare the totals.
Are insurance and fees included?
No. Add them separately if the lender rolls them into the loan.
Is it free to use?
Yes. There's no sign-up, and you can use it as often as you like.
Is my text uploaded anywhere?
No. This tool runs inside your browser, so what you enter stays on your device.
Do I need to install anything?
No. It works in your browser on a computer or a phone.