Auto Loan Calculator
Auto Loan Calculator – Plan Your Car Financing with Ease
Our Auto Loan Calculator is a powerful tool designed to help you estimate your monthly car loan payments, total interest, and repayment schedule in INR. Whether you’re planning to purchase a new vehicle or refinance your current auto loan, this tool provides quick and accurate calculations.
🔹 Key Features:
✅ Instant Loan Calculation: Get monthly payments and total cost based on loan amount, interest rate, and tenure.
✅ Yearly Breakdown Table: See a structured table with yearly interest, principal paid, and remaining balance.
✅ User-Friendly Interface: Clean and responsive design for easy use on all devices.
✅ Accurate & Reliable: Uses standard loan formulas for precise results.
✅ 100% Free & Online: No downloads required—calculate anytime, anywhere!
📌 Loan Calculation Formula:
The calculator uses the standard EMI (Equated Monthly Installment) formula: EMI=
Auto Loan EMI Formula
Where:
- EMI = Monthly Installment
- P = Loan Amount (Principal)
- r = Monthly Interest Rate (Annual Rate / 12 / 100)
- n = Total Number of Monthly Payments (Years × 12)
Total Payment = EMI × Number of Months
Total Interest = Total Payment – Loan Amount
🛠 How It Works:
1️⃣ Enter your Loan Amount (₹), Interest Rate (%), and Loan Term (years).
2️⃣ Click the Calculate button.
3️⃣ Instantly view your monthly payment, total interest, and total repayment amount.
4️⃣ Check the detailed year-wise loan amortization table for better financial planning.
📊 Example Calculation:
Scenario: Buying a car with a loan of ₹10,00,000 at 8% interest rate for 5 years
- Loan Amount: ₹10,00,000
- Interest Rate: 8% per annum
- Loan Term: 5 years
- Monthly Payment (EMI): ₹20,276
- Total Interest Paid: ₹2,16,560
- Total Amount Paid: ₹12,16,560
This tool helps you compare loan options, plan budgets, and make informed financial decisions before committing to an auto loan.
🚗 Try our Auto Loan Calculator today and drive your dream car with confidence!