Car Loan EMI Calculator

↻ Updated 2026

Enter the on-road price, down payment, interest rate and tenure to see your car loan EMI, total interest and the cost breakdown. The loan is the price minus your down payment.

Educational calculators — always consult a licensed professional before making financial decisions.

Your inputs

On-road price

Down payment

20% of price

Interest rate (p.a.)

New-car loans typically run 8.5–12%

Tenure

Monthly EMI

₹16,607

for 5 yr

Total interest

₹1,96,401

at 9% p.a.

Loan amount

₹8,00,000

price − down payment

Outstanding balance5 yr · 9%

todaypaid off

What you finance

Loan principal₹8,00,000

Interest₹1,96,401

Cost breakdown

On-road price₹10,00,000

Down payment− ₹2,00,000

Loan amount₹8,00,000

Total interest+ ₹1,96,401

Total of EMIs₹9,96,401

ASSUMPTIONS — EMI is computed on a reducing-balance basis for a loan of ₹8,00,000 (on-road price minus down payment) at 9% p.a. over 60 months. Processing fees, insurance, GST and any prepayment/foreclosure charges are excluded. Rates shown are indicative and vary by lender and profile.

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Sources & rate references

·EMI = reducing-balance amortization; rates indicative

Rates, brackets and limits here are checked against primary sources. If a number still looks off, email support@realmoneyiq.com and we'll review and fix it.

RealMoneyIQ provides free educational calculators, not financial, tax, investment or legal advice. Results are estimates based on the assumptions you enter and publicly published rates; your actual outcome will differ. Always confirm decisions with a licensed professional who knows your full situation.