Car Loan EMI Calculator
Calculate your exact monthly car loan instalment, total interest cost, and annual repayment breakdown for new or pre-owned vehicles.
Work out your car loan EMI
Enter the car loan amount required, the bank's interest rate, and your intended loan duration.
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Monthly Equated Instalment (EMI)
₹20,758
Car loan amount₹10,00,000
Total interest payable₹2,45,501
Total amount payable₹12,45,501
Principal amountInterest amount
Year-wise Amortisation Schedule
Annual breakdown showing your principal balance reduction over your vehicle loan term.
| Year | Opening Balance | Principal Paid | Interest Paid | Closing Balance |
|---|---|---|---|---|
| Year 1 | ₹10,00,000 | ₹1,65,830 | ₹83,270 | ₹8,34,170 |
| Year 2 | ₹8,34,170 | ₹1,81,386 | ₹67,714 | ₹6,52,784 |
| Year 3 | ₹6,52,784 | ₹1,98,401 | ₹50,699 | ₹4,54,383 |
| Year 4 | ₹4,54,383 | ₹2,17,013 | ₹32,088 | ₹2,37,370 |
| Year 5 | ₹2,37,370 | ₹2,37,370 | ₹11,730 | ₹0 |
The Equated Monthly Instalment (EMI) is calculated using standard reducing balance methods. Actual loan sanctions, interest rates, and loan-to-value ratios depend on individual credit profiles, lender processing charges, down payment, and taxes. This illustration is for planning purposes only.