Car Loan EMI Calculator

Car Loan EMI Calculator

Car Price (₹) On-road or ex-showroom price of the car. Down Payment (₹) Amount paid upfront. Trade-in Value (₹) Value of your old car, if applicable. Loan Tenure (Years) Duration of the loan. Annual Interest Rate (%) Interest charged by the lender.

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Balloon Payment (₹) – Optional Lump sum payable at the end of tenure. Extra Monthly Payment (₹) – Optional Extra EMI paid to reduce interest. Calculate EMI

Loan Summary

How Car Loan EMI is Calculated

EMI depends on loan amount, interest rate, and tenure.

Higher down payment reduces EMI and total interest.

Balloon payments lower EMI but increase final payout.

Frequently Asked Questions

Is down payment mandatory?
Not always, but higher down payment reduces interest.

What is a balloon payment?
A lump sum paid at the end of the loan tenure.

Can extra EMI reduce tenure?
Yes, it reduces interest burden significantly.