Auto Loan EMI Calculator
Calculate your Car Loan EMI, total interest payable, total repayment amount, and view a detailed amortization schedule.
Monthly EMI
0
Total Principal
0
Total Interest
0
Total Payment
0
Payment Breakup
Principal
Interest
Auto Loan Amortization Schedule
| Year | Principal | Interest | Total | Balance | Loan Paid |
|---|
What Is an Auto Loan EMI?
An Auto Loan EMI (Equated Monthly Installment) is the fixed monthly amount you pay to repay your car loan. It includes both principal repayment and interest.
Auto Loan EMI Formula
EMI = P × R × (1 + R)N / ((1 + R)N − 1)
- P = Loan Amount
- R = Monthly Interest Rate
- N = Loan Tenure in Months
Benefits of Using Auto Loan EMI Calculator
- Instant EMI calculation
- Accurate interest breakup
- Detailed amortization schedule
- Helps compare loan offers
- Better financial planning
Input Rules & Limits
- Vehicle Price: 100,000 – 5,000,000
- Down Payment: 0% – 50%
- Interest Rate: 5% – 20%
- Tenure: 1 – 84 months
Frequently Asked Questions
A car loan EMI is the fixed monthly payment made towards repaying
your vehicle loan including interest.
Yes. A higher down payment lowers the loan amount and reduces interest.
Shorter tenure reduces interest cost, while longer tenure lowers EMI.