Car Loan Emi Calculator

Loan Amount

Annual Interest Rate (%)

Loan Tenure (Years)

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Monthly EMI Amount: 14,531

Total Principal Paid: 700,000

Total Interest Paid: 171,851

Total Amount Paid: 871,851

Extra Amount Paid: 171,851 (24.55%)

No	Period	EMI	Principal	Interest	Outstanding	Paid%
1	OCT-2025	14,531	9,281	5,250	690,719	1.33%
2	NOV-2025	14,531	9,350	5,180	681,369	2.66%
3	DEC-2025	14,531	9,421	5,110	671,948	4.01%
4	JAN-2026	14,531	9,491	5,040	662,457	5.36%
5	FEB-2026	14,531	9,562	4,968	652,894	6.73%
6	MAR-2026	14,531	9,634	4,897	643,260	8.11%
7	APR-2026	14,531	9,706	4,824	633,554	9.49%
8	MAY-2026	14,531	9,779	4,752	623,775	10.89%
9	JUN-2026	14,531	9,853	4,678	613,922	12.30%
10	JUL-2026	14,531	9,926	4,604	603,996	13.71%
11	AUG-2026	14,531	10,001	4,530	593,995	15.14%
12	SEP-2026	14,531	10,076	4,455	583,919	16.58%
13	OCT-2026	14,531	10,151	4,379	573,768	18.03%
14	NOV-2026	14,531	10,228	4,303	563,540	19.49%
15	DEC-2026	14,531	10,304	4,227	553,236	20.97%
16	JAN-2027	14,531	10,382	4,149	542,854	22.45%
17	FEB-2027	14,531	10,459	4,071	532,395	23.94%
18	MAR-2027	14,531	10,538	3,993	521,857	25.45%
19	APR-2027	14,531	10,617	3,914	511,240	26.97%
20	MAY-2027	14,531	10,697	3,834	500,543	28.49%
21	JUN-2027	14,531	10,777	3,754	489,766	30.03%
22	JUL-2027	14,531	10,858	3,673	478,909	31.58%
23	AUG-2027	14,531	10,939	3,592	467,970	33.15%
24	SEP-2027	14,531	11,021	3,510	456,949	34.72%
25	OCT-2027	14,531	11,104	3,427	445,845	36.31%
26	NOV-2027	14,531	11,187	3,344	434,658	37.91%
27	DEC-2027	14,531	11,271	3,260	423,387	39.52%
28	JAN-2028	14,531	11,355	3,175	412,032	41.14%
29	FEB-2028	14,531	11,441	3,090	400,591	42.77%
30	MAR-2028	14,531	11,526	3,004	389,065	44.42%
31	APR-2028	14,531	11,613	2,918	377,452	46.08%
32	MAY-2028	14,531	11,700	2,831	365,752	47.75%
33	JUN-2028	14,531	11,788	2,743	353,964	49.43%
34	JUL-2028	14,531	11,876	2,655	342,088	51.13%
35	AUG-2028	14,531	11,965	2,566	330,123	52.84%
36	SEP-2028	14,531	12,055	2,476	318,068	54.56%
37	OCT-2028	14,531	12,145	2,386	305,923	56.30%
38	NOV-2028	14,531	12,236	2,294	293,686	58.04%
39	DEC-2028	14,531	12,328	2,203	281,358	59.81%
40	JAN-2029	14,531	12,421	2,110	268,937	61.58%
41	FEB-2029	14,531	12,514	2,017	256,423	63.37%
42	MAR-2029	14,531	12,608	1,923	243,816	65.17%
43	APR-2029	14,531	12,702	1,829	231,114	66.98%
44	MAY-2029	14,531	12,797	1,733	218,316	68.81%
45	JUN-2029	14,531	12,893	1,637	205,423	70.65%
46	JUL-2029	14,531	12,990	1,541	192,432	72.51%
47	AUG-2029	14,531	13,088	1,443	179,345	74.38%
48	SEP-2029	14,531	13,186	1,345	166,159	76.26%
49	OCT-2029	14,531	13,285	1,246	152,874	78.16%
50	NOV-2029	14,531	13,384	1,147	139,490	80.07%
51	DEC-2029	14,531	13,485	1,046	126,005	82.00%
52	JAN-2030	14,531	13,586	945	112,420	83.94%
53	FEB-2030	14,531	13,688	843	98,732	85.90%
54	MAR-2030	14,531	13,790	740	84,941	87.87%
55	APR-2030	14,531	13,894	637	71,048	89.85%
56	MAY-2030	14,531	13,998	533	57,050	91.85%
57	JUN-2030	14,531	14,103	428	42,947	93.86%
58	JUL-2030	14,531	14,209	322	28,738	95.89%
59	AUG-2030	14,531	14,315	216	14,423	97.94%
60	SEP-2030	14,531	14,423	108	0	100.00%
		871,851	700,000	171,851

Planning to buy a new car? Use this calculator to estimate your car loan EMI and manage your budget effectively.

What You Need to Know:

Types of Car Loans: Car loans can be secured or unsecured. Secured loans require collateral (usually the car itself), while unsecured loans do not.
Principal Amount: This is the total amount you plan to borrow to purchase the car. Ensure it covers the entire cost or a significant portion of the car's price.
Annual Interest Rate: Input the annual interest rate provided by your lender. This rate determines the cost of borrowing.
Loan Tenure: Specify the duration of the loan in years. Longer tenures result in smaller EMIs but may incur higher interest costs.
Down Payment: Consider the down payment you will make. A higher down payment reduces the loan amount and, consequently, the EMI.

Pros and Cons of Car Loans:

Pros:
- Affordability: Car loans allow you to buy a car without paying the full amount upfront.
- Flexible Tenure: Choose a loan tenure that suits your budget and financial situation.
- Build Credit: Regular EMI payments can help improve your credit score.
Cons:
- Interest Costs: Paying interest over time increases the total cost of the car.
- Depreciation: Cars depreciate quickly, which may affect the value of your loan balance compared to the car’s worth.
- Commitment: Regular EMI payments are a financial commitment that impacts your monthly budget.

How to Use the Car Loan EMI Calculator:

Principal Amount: Enter the loan amount you need to purchase the car.
Annual Interest Rate: Input the annual interest rate from your lender.
Loan Tenure: Specify the duration of the loan in years.
Additional Costs: Consider including any additional fees or costs related to the loan.

Review the EMI calculation to ensure it aligns with your monthly budget and financial goals.

For a detailed breakdown and to see how different factors affect your EMI, use the calculator and adjust the inputs as needed to find the most suitable loan structure for you.