Make Every EMI
Work for You.
Plan your car loan with clarity. Adjust your loan amount, interest rate and tenure to instantly estimate your monthly repayment.
Calculate Your EMIYour Loan, Your Plan.
Move the sliders or enter values to see your updated estimate.
Customize Your Loan
Choose the numbers that suit your budget.
Estimated monthly repayment
Know Where Your Money Goes.
Explore how your principal and interest change throughout the loan.
Year-Wise Repayment Schedule
Reducing Balance Method| Year | Opening Balance | Principal Paid | Interest Paid | Closing Balance |
|---|---|---|---|---|
| 1 | ₹10,00,000 | ₹1,65,830 | ₹83,270 | ₹8,34,170 |
| 2 | ₹8,34,170 | ₹1,81,386 | ₹67,714 | ₹6,52,784 |
| 3 | ₹6,52,784 | ₹1,98,401 | ₹50,699 | ₹4,54,383 |
| 4 | ₹4,54,383 | ₹2,17,013 | ₹32,088 | ₹2,37,370 |
| 5 | ₹2,37,370 | ₹2,37,370 | ₹11,730 | ₹0 |
Your Loan at a Glance
EMI Planning in 3 Steps.
Enter Loan Details
Set your desired loan amount, annual interest rate and repayment tenure.
Explore Your EMI
View your estimated monthly payment and the principal-interest split.
Plan Your Next Move
Review the repayment schedule and enquire about suitable financing options.
EMI Questions?
We've Got Answers.
Understand how your car loan repayments work before making a decision.
Still have a question?How is my car loan EMI calculated?
EMI is estimated using the loan amount, monthly interest rate and number of monthly instalments. This calculator uses the standard reducing-balance formula.
Does a longer tenure reduce my EMI?
Usually, a longer tenure reduces the monthly EMI but increases the total interest paid, assuming the same loan amount and interest rate.
Is the calculator's EMI the final bank EMI?
No. The estimate is illustrative. Actual repayment amounts may differ depending on the lender's terms, approved rate, fees and other conditions.
Are processing fees included?
No. Processing fees, insurance, taxes and other applicable charges are not included in this estimate.