Calculate your monthly car loan EMI before you finalize your purchase.
₹8,00,000
₹2,08,089
₹10,08,089
A car loan is a secured loan — the vehicle itself is the collateral — which typically means lower interest rates than a personal loan, with tenures usually between one and eight years.
This calculator shows your exact monthly EMI and total interest so you can compare loan offers and decide on a down payment that keeps your EMI comfortable.
A larger down payment reduces your loan amount, EMI, and total interest — even 10-20% extra upfront can meaningfully lower your total cost.
It lowers your monthly outflow but increases total interest paid, and cars depreciate — so you could end up owing more than the car is worth for longer.
Yes, used car loans typically carry higher interest rates than new car loans due to higher perceived risk.