Finance / India
Car Loan EMI Calculator: Estimate in Rupees
Estimate car loan repayments from an ₹8 lakh, five-year starting scenario, with extra monthly payments.
Car Loan EMI Calculator: Estimate in Rupees: Starts with ₹8 lakh financed at an editable 9% rate over five years. Enter the amount borrowed after a down payment and trade-in, then compare the instalment and total interest. Running costs, insurance and vehicle depreciation are outside this estimate. Runs 100% locally in your browser with zero server file uploads.
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Results are estimates. Rates, payment dates, fees and taxes can change the actual amount.
Fixed nominal rate divided by 12. Extra payments reduce the term while the scheduled EMI stays fixed. Fees and prepayment penalties are excluded.
Use the financed amount after your down payment and trade-in. Insurance and running costs are outside this loan estimate.
Remaining loan balance
Years 1 to 5Chart scale: ₹0 to ₹6,67,335.98
| Year | Principal repaid | Total payments | Interest paid | Remaining loan balance |
|---|---|---|---|---|
| 1 | ₹1,32,664.02₹1.33 lakh | ₹1,99,280.21₹1.99 lakh | ₹66,616.19 | ₹6,67,335.98₹6.67 lakh |
| 2 | ₹1,45,108.82₹1.45 lakh | ₹1,99,280.21₹1.99 lakh | ₹54,171.39 | ₹5,22,227.16₹5.22 lakh |
| 3 | ₹1,58,721.03₹1.59 lakh | ₹1,99,280.21₹1.99 lakh | ₹40,559.18 | ₹3,63,506.14₹3.64 lakh |
| 4 | ₹1,73,610.15₹1.74 lakh | ₹1,99,280.21₹1.99 lakh | ₹25,670.06 | ₹1,89,895.98₹1.9 lakh |
| 5 | ₹1,89,895.98₹1.9 lakh | ₹1,99,280.21₹1.99 lakh | ₹9,384.23 | ₹0 |
Monthly amortisation table
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | ₹16,606.68 | ₹10,606.68 | ₹6,000 | ₹7,89,393.32 |
| 2 | ₹16,606.68 | ₹10,686.23 | ₹5,920.45 | ₹7,78,707.08 |
| 3 | ₹16,606.68 | ₹10,766.38 | ₹5,840.3 | ₹7,67,940.7 |
| 4 | ₹16,606.68 | ₹10,847.13 | ₹5,759.56 | ₹7,57,093.57 |
| 5 | ₹16,606.68 | ₹10,928.48 | ₹5,678.2 | ₹7,46,165.09 |
| 6 | ₹16,606.68 | ₹11,010.45 | ₹5,596.24 | ₹7,35,154.64 |
| 7 | ₹16,606.68 | ₹11,093.02 | ₹5,513.66 | ₹7,24,061.62 |
| 8 | ₹16,606.68 | ₹11,176.22 | ₹5,430.46 | ₹7,12,885.4 |
| 9 | ₹16,606.68 | ₹11,260.04 | ₹5,346.64 | ₹7,01,625.35 |
| 10 | ₹16,606.68 | ₹11,344.49 | ₹5,262.19 | ₹6,90,280.86 |
| 11 | ₹16,606.68 | ₹11,429.58 | ₹5,177.11 | ₹6,78,851.28 |
| 12 | ₹16,606.68 | ₹11,515.3 | ₹5,091.38 | ₹6,67,335.98 |
| 13 | ₹16,606.68 | ₹11,601.66 | ₹5,005.02 | ₹6,55,734.32 |
| 14 | ₹16,606.68 | ₹11,688.68 | ₹4,918.01 | ₹6,44,045.64 |
| 15 | ₹16,606.68 | ₹11,776.34 | ₹4,830.34 | ₹6,32,269.3 |
| 16 | ₹16,606.68 | ₹11,864.66 | ₹4,742.02 | ₹6,20,404.63 |
| 17 | ₹16,606.68 | ₹11,953.65 | ₹4,653.03 | ₹6,08,450.98 |
| 18 | ₹16,606.68 | ₹12,043.3 | ₹4,563.38 | ₹5,96,407.68 |
| 19 | ₹16,606.68 | ₹12,133.63 | ₹4,473.06 | ₹5,84,274.06 |
| 20 | ₹16,606.68 | ₹12,224.63 | ₹4,382.06 | ₹5,72,049.43 |
| 21 | ₹16,606.68 | ₹12,316.31 | ₹4,290.37 | ₹5,59,733.11 |
| 22 | ₹16,606.68 | ₹12,408.69 | ₹4,198 | ₹5,47,324.43 |
| 23 | ₹16,606.68 | ₹12,501.75 | ₹4,104.93 | ₹5,34,822.68 |
| 24 | ₹16,606.68 | ₹12,595.51 | ₹4,011.17 | ₹5,22,227.16 |
| 25 | ₹16,606.68 | ₹12,689.98 | ₹3,916.7 | ₹5,09,537.18 |
| 26 | ₹16,606.68 | ₹12,785.16 | ₹3,821.53 | ₹4,96,752.03 |
| 27 | ₹16,606.68 | ₹12,881.04 | ₹3,725.64 | ₹4,83,870.98 |
| 28 | ₹16,606.68 | ₹12,977.65 | ₹3,629.03 | ₹4,70,893.33 |
| 29 | ₹16,606.68 | ₹13,074.98 | ₹3,531.7 | ₹4,57,818.35 |
| 30 | ₹16,606.68 | ₹13,173.05 | ₹3,433.64 | ₹4,44,645.3 |
| 31 | ₹16,606.68 | ₹13,271.84 | ₹3,334.84 | ₹4,31,373.46 |
| 32 | ₹16,606.68 | ₹13,371.38 | ₹3,235.3 | ₹4,18,002.07 |
| 33 | ₹16,606.68 | ₹13,471.67 | ₹3,135.02 | ₹4,04,530.4 |
| 34 | ₹16,606.68 | ₹13,572.71 | ₹3,033.98 | ₹3,90,957.7 |
| 35 | ₹16,606.68 | ₹13,674.5 | ₹2,932.18 | ₹3,77,283.2 |
| 36 | ₹16,606.68 | ₹13,777.06 | ₹2,829.62 | ₹3,63,506.14 |
| 37 | ₹16,606.68 | ₹13,880.39 | ₹2,726.3 | ₹3,49,625.75 |
| 38 | ₹16,606.68 | ₹13,984.49 | ₹2,622.19 | ₹3,35,641.26 |
| 39 | ₹16,606.68 | ₹14,089.37 | ₹2,517.31 | ₹3,21,551.88 |
| 40 | ₹16,606.68 | ₹14,195.05 | ₹2,411.64 | ₹3,07,356.84 |
| 41 | ₹16,606.68 | ₹14,301.51 | ₹2,305.18 | ₹2,93,055.33 |
| 42 | ₹16,606.68 | ₹14,408.77 | ₹2,197.91 | ₹2,78,646.56 |
| 43 | ₹16,606.68 | ₹14,516.83 | ₹2,089.85 | ₹2,64,129.73 |
| 44 | ₹16,606.68 | ₹14,625.71 | ₹1,980.97 | ₹2,49,504.01 |
| 45 | ₹16,606.68 | ₹14,735.4 | ₹1,871.28 | ₹2,34,768.61 |
| 46 | ₹16,606.68 | ₹14,845.92 | ₹1,760.76 | ₹2,19,922.69 |
| 47 | ₹16,606.68 | ₹14,957.26 | ₹1,649.42 | ₹2,04,965.43 |
| 48 | ₹16,606.68 | ₹15,069.44 | ₹1,537.24 | ₹1,89,895.98 |
| 49 | ₹16,606.68 | ₹15,182.46 | ₹1,424.22 | ₹1,74,713.52 |
| 50 | ₹16,606.68 | ₹15,296.33 | ₹1,310.35 | ₹1,59,417.19 |
| 51 | ₹16,606.68 | ₹15,411.06 | ₹1,195.63 | ₹1,44,006.13 |
| 52 | ₹16,606.68 | ₹15,526.64 | ₹1,080.05 | ₹1,28,479.49 |
| 53 | ₹16,606.68 | ₹15,643.09 | ₹963.6 | ₹1,12,836.4 |
| 54 | ₹16,606.68 | ₹15,760.41 | ₹846.27 | ₹97,075.99 |
| 55 | ₹16,606.68 | ₹15,878.61 | ₹728.07 | ₹81,197.38 |
| 56 | ₹16,606.68 | ₹15,997.7 | ₹608.98 | ₹65,199.68 |
| 57 | ₹16,606.68 | ₹16,117.69 | ₹489 | ₹49,081.99 |
| 58 | ₹16,606.68 | ₹16,238.57 | ₹368.11 | ₹32,843.42 |
| 59 | ₹16,606.68 | ₹16,360.36 | ₹246.33 | ₹16,483.06 |
| 60 | ₹16,606.68 | ₹16,483.06 | ₹123.62 | ₹0 |
Car financing formula
OpenStax, Annuities: https://openstax.org/books/principles-finance-2e/pages/8-2-annuities
A fixed-rate amortising loan uses the same EMI formula as other instalment loans.
Ownership budget
Use the amount actually financed. Down payments and recurring ownership costs are separate cash flows. Check lender fees and early-repayment conditions before choosing a loan.
How to use it
- Enter amounts and choose the calculation options shown.
- Adjust the rate and duration to match your assumptions.
- Read the estimate, year-by-year chart and table, then download the CSV.
Privacy & limitations
Calculations and CSV exports run in your browser. Your financial inputs are not uploaded.
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Frequently asked questions
Should I enter the car price or loan amount?
Enter the financed amount after the down payment and trade-in, including any fees financed within the loan.
Are insurance and fuel included?
No. Budget for those separately from the loan instalment.
Can I compare a shorter term?
Yes. Change the years or months and compare the EMI and total interest. A shorter term generally raises the monthly payment.
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