Compare total interest, not only the EMI.
Car Loan Calculator
Compare car-loan down payment, EMI and borrowing cost. Adjust the assumptions, inspect the chart and read the complete guide below.
02 Your projection
Estimated monthly EMI₹19,307Updates instantly as you edit
Loan principal₹12.00 L
Interest and fees₹4.37 L
Total repayment including fees₹16.37 L
Full amortisation schedule84 monthly instalments
Projection journeyHover to inspect a year
Uses a reducing monthly balance and includes the entered upfront costs. Verify the lender’s APR and Key Fact Statement.
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Five smart nudges
Use the result with context.
Check the lender’s APR and key fact statement before signing.
A longer tenure lowers EMI but usually increases total interest.
Keep room in the monthly budget for rate resets and emergencies.
Include processing, legal, insurance and closure charges in the comparison.
Understanding Car Loan in India
Editorially reviewed 12 July 2026 · Rules and assumptions can change
Finance the on-road cost, not ex-showroom price
On-road price includes taxes, registration, insurance and accessories. The calculator subtracts down payment and adds disclosed finance fees to reveal the funded cost. Dealer discounts on the car and mark-ups on finance or insurance should be evaluated separately.
A car depreciates while the loan amortises. A small down payment and long tenure can leave outstanding debt above resale value after an accident or early sale.
EMI plus ownership cost
Affordability includes fuel or charging, maintenance, insurance renewal, parking, tyres and repairs—not EMI alone. Compare the total mobility budget with alternatives. A ₹12 lakh loan at 9% for seven years costs far more interest than a five-year term despite the lower monthly figure.
Preserve cash for first-year running costs and avoid financing accessories that rapidly lose value unless necessary.
Dealer finance comparison
Obtain the lender’s KFS and compare APR, net disbursal, hypothecation charge, processing fee, bundled insurance, late fee and foreclosure terms. A cash discount may disappear when choosing outside finance; calculate the combined transaction rather than rate alone.
After repayment, obtain NOC and complete hypothecation removal with the transport authority and insurer. Until records change, title can remain encumbered.
Car-loan checklist
Enter actual on-road price and a down payment that leaves an emergency reserve. Stress the EMI alongside insurance renewal and maintenance, and avoid a tenure longer than intended ownership.
Verify lender identity, KFS, rate type, mandate, prepayment terms and hypothecation process. Keep payment and closure records.
Official sources used for this guide
Rates, thresholds and rules can change after the review date. Check the linked authority and the provider’s current documents before acting.
Car Loan calculator FAQs
Why use on-road price?
It captures registration, tax, insurance and other costs needed to put the vehicle on the road.
Can the loan exceed resale value?
Yes. Vehicles can depreciate faster than principal falls, especially with low down payment and long tenure.
Is dealer finance always cheaper?
No. Compare vehicle discount, APR, fees and insurance as one package.
Should loan tenure exceed planned ownership?
Usually avoid it; selling an encumbered car can require settling the outstanding loan.
What happens after final EMI?
Obtain NOC and complete hypothecation removal in registration and insurance records.