Car Loan Calculator
Enter your loan amount, interest rate, and tenure to instantly calculate your monthly EMI, total interest, and repayment schedule. Compare 3-year, 5-year, and 7-year loan terms side-by-side.
Loan Details
Monthly EMI
₹16,607
5 year loan at 9% p.a.
Loan Amount
₹8,00,000
Total Interest
₹1,96,401
Total Payable
₹9,96,401
Tenure Comparison for ₹8,00,000 at 9%
| Tenure | Monthly EMI | Total Interest | Total Payable |
|---|---|---|---|
| 3 Years | ₹25,440 | ₹1,15,832 | ₹9,15,832 |
| 5 YearsSelected | ₹16,607 | ₹1,96,401 | ₹9,96,401 |
| 7 Years | ₹12,871 | ₹2,81,186 | ₹10,81,186 |
Estimates only. Actual interest and EMI may vary depending on lender.
How Car Loan Repayment Works
A car loan in India is repaid through EMIs (Equated Monthly Instalments) on a reducing balance basis. Every month, a portion goes towards repaying the principal and the rest covers interest on the outstanding balance. Over time, the interest portion decreases and the principal portion increases — this is called an amortization schedule.
Tip: A shorter tenure means less total interest paid, even though the monthly EMI is higher. Use the tenure comparison table above to find the right balance for your budget.