Car Loan EMI Calculator
₹
₹0₹15L₹30L
%
5%12%20%
1 yr10 yrs20 yrs
6 mo120 mo240 mo
Monthly EMI
₹0
per month
Total Interest
₹0
Total Payment
₹0
Amortization Schedule
| Year | Principal (₹) | Interest (₹) | Total Payment (₹) | Balance (₹) | Paid % |
|---|
How is Car Loan EMI Calculated?
EMI = P × r × (1 + r)^n / ((1 + r)^n - 1), where P = Principal, r = Monthly Interest Rate, n = Loan Tenure in Months.
A higher down payment and shorter tenure reduces total interest significantly. Use the amortization schedule to plan your loan payments year by year.