Car Loan EMI Calculator
Calculate the monthly EMI on a new car, used car or two-wheeler loan. This car loan EMI calculator works for every Indian bank and NBFC.
Typical Rate
8.5% – 15%
p.a. reducing
Max Tenure
7 years
new cars
Financing
80% – 90%
of on-road price
Processing Fee
₹2K – 1%
of loan amount
Car Loan Details
₹8.00 L
9.0% p.a.
5 yrs
Monthly EMI
₹16,607
for 60 months · 5 years tenure
Principal
₹8.00 L
80.3%
Total Interest
₹1.96 L
19.7%
Total Payment
₹9.96 L
Over full tenure
Avg Interest/Month
₹3.3 K
Across tenure
Principal vs Interest
Distribution of your total payment
Principal Interest
Yearly Breakdown
Principal and interest paid each year (first 15)
Amortization Schedule
Total Principal
₹8,00,000
Total Interest
₹1,96,401
Total Amount Paid
₹9,96,401
| Month | Opening Balance | EMI | Principal | Interest | Closing Balance |
|---|---|---|---|---|---|
| 1 | ₹8,00,000 | ₹16,607 | ₹10,607 | ₹6,000 | ₹7,89,393 |
| 2 | ₹7,89,393 | ₹16,607 | ₹10,686 | ₹5,920 | ₹7,78,707 |
| 3 | ₹7,78,707 | ₹16,607 | ₹10,766 | ₹5,840 | ₹7,67,941 |
| 4 | ₹7,67,941 | ₹16,607 | ₹10,847 | ₹5,760 | ₹7,57,094 |
| 5 | ₹7,57,094 | ₹16,607 | ₹10,928 | ₹5,678 | ₹7,46,165 |
| 6 | ₹7,46,165 | ₹16,607 | ₹11,010 | ₹5,596 | ₹7,35,155 |
| 7 | ₹7,35,155 | ₹16,607 | ₹11,093 | ₹5,514 | ₹7,24,062 |
| 8 | ₹7,24,062 | ₹16,607 | ₹11,176 | ₹5,430 | ₹7,12,885 |
| 9 | ₹7,12,885 | ₹16,607 | ₹11,260 | ₹5,347 | ₹7,01,625 |
| 10 | ₹7,01,625 | ₹16,607 | ₹11,344 | ₹5,262 | ₹6,90,281 |
| 11 | ₹6,90,281 | ₹16,607 | ₹11,430 | ₹5,177 | ₹6,78,851 |
| 12 | ₹6,78,851 | ₹16,607 | ₹11,515 | ₹5,091 | ₹6,67,336 |
Frequently Asked Questions
New car loan rates in 2026 range from 8.5% to 11% for prime borrowers at banks. NBFC and dealer-tied financing can go up to 13–15%, especially for used cars or sub-prime credit profiles.