Car Loan EMI Calculator
The short answer
A car loan of 8 lakh at 9 percent over 5 years costs about ₹16,607 a month. Over the five years you pay ₹1,96,401 in interest, ₹9,96,401 in total. A bigger down payment or a shorter period cuts the interest, so try a few values in the tool.
For education loans: the study period plus any grace period before payments start. Interest in this time is added to the loan.
Monthly EMI
₹16,607
Loan amount
₹8,00,000
Total interest
₹1,96,401
Total payment
₹9,96,401
Month-by-month schedule (60 payments)
| Month | Interest | Principal | Balance |
|---|---|---|---|
| 1 | ₹6,000 | ₹10,607 | ₹7,89,393 |
| 2 | ₹5,920 | ₹10,686 | ₹7,78,707 |
| 3 | ₹5,840 | ₹10,766 | ₹7,67,941 |
| 4 | ₹5,760 | ₹10,847 | ₹7,57,094 |
| 5 | ₹5,678 | ₹10,928 | ₹7,46,165 |
| 6 | ₹5,596 | ₹11,010 | ₹7,35,155 |
| 7 | ₹5,514 | ₹11,093 | ₹7,24,062 |
| 8 | ₹5,430 | ₹11,176 | ₹7,12,885 |
| 9 | ₹5,347 | ₹11,260 | ₹7,01,625 |
| 10 | ₹5,262 | ₹11,344 | ₹6,90,281 |
| 11 | ₹5,177 | ₹11,430 | ₹6,78,851 |
| 12 | ₹5,091 | ₹11,515 | ₹6,67,336 |
| 13 | ₹5,005 | ₹11,602 | ₹6,55,734 |
| 14 | ₹4,918 | ₹11,689 | ₹6,44,046 |
| 15 | ₹4,830 | ₹11,776 | ₹6,32,269 |
| 16 | ₹4,742 | ₹11,865 | ₹6,20,405 |
| 17 | ₹4,653 | ₹11,954 | ₹6,08,451 |
| 18 | ₹4,563 | ₹12,043 | ₹5,96,408 |
| 19 | ₹4,473 | ₹12,134 | ₹5,84,274 |
| 20 | ₹4,382 | ₹12,225 | ₹5,72,049 |
| 21 | ₹4,290 | ₹12,316 | ₹5,59,733 |
| 22 | ₹4,198 | ₹12,409 | ₹5,47,324 |
| 23 | ₹4,105 | ₹12,502 | ₹5,34,823 |
| 24 | ₹4,011 | ₹12,596 | ₹5,22,227 |
| 25 | ₹3,917 | ₹12,690 | ₹5,09,537 |
| 26 | ₹3,822 | ₹12,785 | ₹4,96,752 |
| 27 | ₹3,726 | ₹12,881 | ₹4,83,871 |
| 28 | ₹3,629 | ₹12,978 | ₹4,70,893 |
| 29 | ₹3,532 | ₹13,075 | ₹4,57,818 |
| 30 | ₹3,434 | ₹13,173 | ₹4,44,645 |
| 31 | ₹3,335 | ₹13,272 | ₹4,31,373 |
| 32 | ₹3,235 | ₹13,371 | ₹4,18,002 |
| 33 | ₹3,135 | ₹13,472 | ₹4,04,530 |
| 34 | ₹3,034 | ₹13,573 | ₹3,90,958 |
| 35 | ₹2,932 | ₹13,675 | ₹3,77,283 |
| 36 | ₹2,830 | ₹13,777 | ₹3,63,506 |
| 37 | ₹2,726 | ₹13,880 | ₹3,49,626 |
| 38 | ₹2,622 | ₹13,984 | ₹3,35,641 |
| 39 | ₹2,517 | ₹14,089 | ₹3,21,552 |
| 40 | ₹2,412 | ₹14,195 | ₹3,07,357 |
| 41 | ₹2,305 | ₹14,302 | ₹2,93,055 |
| 42 | ₹2,198 | ₹14,409 | ₹2,78,647 |
| 43 | ₹2,090 | ₹14,517 | ₹2,64,130 |
| 44 | ₹1,981 | ₹14,626 | ₹2,49,504 |
| 45 | ₹1,871 | ₹14,735 | ₹2,34,769 |
| 46 | ₹1,761 | ₹14,846 | ₹2,19,923 |
| 47 | ₹1,649 | ₹14,957 | ₹2,04,965 |
| 48 | ₹1,537 | ₹15,069 | ₹1,89,896 |
| 49 | ₹1,424 | ₹15,182 | ₹1,74,714 |
| 50 | ₹1,310 | ₹15,296 | ₹1,59,417 |
| 51 | ₹1,196 | ₹15,411 | ₹1,44,006 |
| 52 | ₹1,080 | ₹15,527 | ₹1,28,479 |
| 53 | ₹964 | ₹15,643 | ₹1,12,836 |
| 54 | ₹846 | ₹15,760 | ₹97,076 |
| 55 | ₹728 | ₹15,879 | ₹81,197 |
| 56 | ₹609 | ₹15,998 | ₹65,200 |
| 57 | ₹489 | ₹16,118 | ₹49,082 |
| 58 | ₹368 | ₹16,239 | ₹32,843 |
| 59 | ₹246 | ₹16,360 | ₹16,483 |
| 60 | ₹124 | ₹16,483 | ₹0 |
Everything runs in your browser. What you type is not sent anywhere.
How to: Car Loan EMI Calculator
- 1Type the loan amount, which is the price minus your down payment.
- 2Type the yearly rate the bank offers.
- 3Set the period in years.
- 4Change the years to see how the EMI and the interest move.
At a glance
- Example
- 8 lakh at 9% for 5 years
- EMI
- ₹16,607 a month
- Total interest
- ₹1,96,401
Frequently asked questions
Should I choose a longer loan to lower the EMI?
It lowers the EMI but raises the interest, and a car loses value fast. Choose the shortest period you can comfortably pay.
Does this count the on-road price?
Only the amount you borrow. Subtract your down payment from the on-road price and type the rest.