How is the EMI calculated?

EMI includes principal and interest using amortization formula, plus monthly tax and insurance.

Can I change interest rate or loan term?

Yes, adjust interest rate and loan term to see updated EMI.

Does it include road tax and insurance?

Yes, road tax & fees and insurance are included in the monthly estimate.

Car Loan Calculator – Auto Loan EMI & Payment Estimator

Use this free Car Loan Calculator to estimate your monthly auto loan payment (EMI). Enter details like vehicle price, down payment, interest rate, loan term, taxes, and insurance to get your instant estimate.

Vehicle Price (₹) Down Payment (₹) Interest Rate (Annual %) Loan Term (Years) Road Tax & Fees (₹) Insurance (Annual ₹)

Estimated Monthly Payment:

—

Principal + Interest: —
Taxes & Fees (monthly): —
Insurance (monthly): —
Total Monthly Payment: —

Frequently Asked Questions

How is the EMI calculated?: The EMI is calculated using the standard amortization formula, including principal, interest, taxes, and insurance.
Can I change interest rate or loan term?: Yes. You can adjust the annual interest rate and term (in years) to see how your monthly payment changes.
Does it include road tax and insurance?: Yes. You can enter road tax & fees and annual insurance—they will be summed into your monthly cost.