Car Loan EMI Calculator
Calculate the EMI for a new or used car loan in India. See total interest, year by year amortization and the real cost of financing your car.
இங்கே தொடங்குங்கள்
- எதை உள்ளிடுவது
- முன்பணத்திற்குப் பின் கடன் தொகை, வருடாந்திர வட்டி, ஆண்டுகளை உள்ளிடவும்.
- முடிவின் பொருள்
- EMI மாதக் கடன் தவணை; முன்பணமும் வாகனச் செலவுகளும் தனி.
உதாரணமும் வரம்புகளும்
- எளிய உதாரணம்
- ₹6 லட்சம், 5 ஆண்டுகள், 0% வட்டி என்றால் கட்டணத்திற்கு முன் மாதம் ₹10,000.
- நினைவில் கொள்ளுங்கள்
- குறையும் இருப்பு வட்டி பயன்படுத்தவும்; flat rate அல்ல. கட்டணம், காப்பீடு சேராது; முழு APR ஒப்பீடு அல்ல.
உங்கள் முடிவைக் கணக்கிடுங்கள்
உங்கள் எண்களை உள்ளிடுங்கள். மாற்றும்போது மதிப்பீடும் வரைபடங்களும் புதுப்பிக்கும்.
உள்ளீடுகள்
- மாதாந்திர EMI
- ₹16,801
- மொத்த வட்டி
- ₹2,08,089
- 26.0%
- மொத்த கட்டணம்
- ₹10,08,089
- ₹10.08L
உங்கள் கணக்குகள் சொல்வது என்ன
நீங்கள் வட்டியாக ₹2.08L செலுத்துகிறீர்கள் — கடன் தொகையின் 26%.
வட்டி = விகிதம் × காலம். எதையேனும் குறைத்தால் வட்டி குறையும்.
ஆண்டு அசல் vs வட்டி பிரிவு
Each year’s payments, split into principal and interest. The table also shows your remaining balance.
View repayment data
| Year | Principal paid | Interest paid | Closing balance |
|---|---|---|---|
| 1 | ₹1,31,234 | ₹70,383 | ₹6,68,766 |
| 2 | ₹1,44,259 | ₹57,359 | ₹5,24,506 |
| 3 | ₹1,58,576 | ₹43,041 | ₹3,65,930 |
| 4 | ₹1,74,315 | ₹27,303 | ₹1,91,615 |
| 5 | ₹1,91,615 | ₹10,003 | ₹0 |
மொத்த கட்டண பிரிவு
மொத்தத் தொகை எப்படிப் பிரிகிறது என்பதைப் பாருங்கள். தொகைகள் ரூபாயில்.
- அசல் · 79.4%₹8,00,000
- வட்டி · 20.6%₹2,08,089
உங்கள் கணக்கீட்டைப் புரிந்துகொள்ளுங்கள்
A car loan is one of the most common consumer loans in India, taken by salaried buyers and self employed buyers alike. Tenures usually run between three and seven years, with rates from 8.5 to 11 percent depending on the lender, the buyer's credit profile and whether the vehicle is new or used. The car loan EMI calculator on this page tells you the monthly EMI, the total interest you will pay over the tenure and a year by year split between principal and interest.
Car Loan EMI Calculator ஏன் பயன்படுத்த வேண்டும்
A car is a depreciating asset. The day you drive a new car off the showroom floor it is worth roughly 15 percent less than what you paid. Over five years, the value typically falls by half. The financing cost compounds the issue. A 10 lakh car loan at 9.5 percent for 5 years carries total interest of roughly 2.5 lakh, which means the actual cost of the car after financing is closer to 12.5 lakh. Seeing this number before you sign helps you make sober choices about loan tenure, down payment and whether you really need the loaded variant.
Car Loan EMI Calculator ஐ எவ்வாறு பயன்படுத்துவது
- 1
Enter the loan amount
The amount you actually need to borrow, after the down payment. Indian dealers often push higher loan amounts to inflate their commission. Borrow only what you need.
- 2
Enter the interest rate
Use the rate offered in writing. New car loans from major banks are 8.5 to 10 percent for salaried buyers. Used car loans are 10.5 to 13 percent depending on age of the vehicle and lender.
- 3
Set the tenure
Five years is the most common car loan tenure. Seven year loans are increasingly common but turn the car into a long term financial commitment when it should be a depreciating consumable.
- 4
Read the EMI and total interest
The EMI is your monthly outflow. The total interest is the lifetime financing cost. Compare both against the value the car gives you over the same period.
உதாரணம்
₹8 lakh car loan at 9.5%: 5 years vs 7 years
At the default ₹8,00,000 for 5 years at 9.5%, the EMI is ₹16,801 and total interest is ₹2,08,089. Stretching the same loan to 7 years drops the EMI to ₹13,075 but raises interest to ₹2,98,316.
- EMI over 5 years
- ₹16,801
- Total interest over 5 years
- ₹2,08,089
- EMI over 7 years
- ₹13,075
- Total interest over 7 years
- ₹2,98,316
- Extra cost of the longer tenure
- ₹90,227
The 7-year option saves ₹3,726 a month but costs about ₹90,000 more, on a car that's losing value the whole time.
எவ்வாறு கணக்கிடப்படுகிறது
The car loan EMI uses the standard reducing-balance formula EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where r is the annual rate ÷ 12 ÷ 100 and n is the tenure in months.
Each month, interest = balance × r and the rest of the EMI reduces the balance. The last payment is capped at the remaining balance plus that month's interest, and total interest adds up all the monthly interest amounts.
If a dealer quotes a flat rate, convert it to a reducing-balance rate before you enter it, because this formula assumes interest on the falling balance only.
கருதுகோள்கள் மற்றும் வரம்புகள்
- Rates shown as defaults or examples are illustrative, not verified current lender quotes.
- Uses constant annual reducing-balance interest divided by 12 and monthly payments.
- Vehicle depreciation, insurance, processing fees, fee GST and prepayment charges are excluded.
அடிக்கடி கேட்கப்படும் கேள்விகள்
What is a typical car loan rate in India?
New car loans from public sector and major private banks are typically priced between 8.5 and 11 percent for salaried borrowers with strong credit profiles. Used car loans, electric vehicle loans (which sometimes get rate concessions) and loans from NBFCs vary more widely. Always compare two or three offers before signing.
Should I take the maximum tenure to lower the EMI?
Usually no. A car depreciates faster than a longer loan amortizes. By year five of a seven year loan, the resale value of the car may be lower than the outstanding loan balance. This is called negative equity and it traps you in the asset. Match the loan tenure roughly to the period you plan to keep the car.
Is a higher down payment worth it?
Yes, almost always. A larger down payment reduces the principal, which reduces both the EMI and the total interest. It also keeps your loan to value ratio healthy, which protects against negative equity if you have to sell the car earlier than planned.
Can I prepay a car loan?
Check the agreement and RBI directions applicable to your lender, rate type, loan purpose and sanction or renewal date. Do not assume car loans have a universal charge or exemption. The prepayment calculator excludes any applicable charge from its interest-saving figure.
Should I take a fixed rate or floating rate car loan?
Almost all Indian car loans are fixed rate. Floating rate is rare in this segment because the tenure is short. The rate quoted at sanction is the rate you pay for the entire tenure. There is little to compare on this dimension within car loans.
What charges should I expect besides the EMI?
Processing fee (0.5 to 1 percent of the loan amount or a flat fee), GST on the processing fee, documentation charges, and any vehicle insurance bundled into the loan. Some lenders also push extended warranties and add ons that inflate the loan size. Read the line items carefully.
Is car loan interest tax deductible?
Not for personal use vehicles. If the car is used for business, the interest can be claimed as a business expense and depreciation on the vehicle is allowed under the Income Tax Act. For personal cars, there is no income tax benefit.