Car EMI Calculator

Car EMI Calculator

Plan your car loan smartly

Loan Details

EMI Results

Monthly EMI

₹ 0

Total Interest

₹ 0

Total Payment

₹ 0

EMI Breakdown

About This Car EMI Calculator Tool

This online Car EMI Calculator helps you easily estimate your monthly loan repayments based on the loan amount, interest rate, and tenure. Planning your finances before purchasing a car is essential, and this tool simplifies the process for you.

How to Use the Calculator

  1. Enter your desired car loan amount in rupees
  2. Fill in the interest rate offered by the bank or financial institution
  3. Choose the loan tenure in years or months
  4. Click "Calculate" to instantly view your monthly EMI, total payment, and interest

How EMI is Calculated

The Equated Monthly Installment (EMI) is calculated using the formula: EMI = [P × R × (1+R)^N]/[(1+R)^N-1], where P is the loan amount, R is the monthly interest rate (annual rate divided by 12 and then by 100), and N is the number of monthly installments.

Plan Your Car Purchase

Whether you're planning to buy a compact car like the Maruti Alto or Swift, a sturdy hatchback like the Tata Punch or Hyundai i20, or a stylish sedan like the Honda City, Volkswagen Virtus, or Skoda Slavia, this calculator helps you plan your finances smartly.

This tool is equally useful for SUV enthusiasts looking into popular models such as the Hyundai Creta, Tata Nexon, Kia Seltos, MG Hector, Mahindra Thar, Mahindra Scorpio, or the premium Toyota Fortuner and Jeep Compass. It's also perfect for those considering compact options like the Renault Kwid, Honda Amaze, or Hyundai Venue, or family vehicles like the Toyota Innova Crysta.

Just enter your loan details, and instantly see how much EMI you will pay every month. This calculator is optimized for mobile and desktop use with a clean, simple design to help every car buyer make an informed decision before visiting a dealership.

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