Auto Loan Calculator

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

EMI = P × r × 1 + r n 1 + r n 1

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!


Scroll to Top