Car Loan Calculator
Car loan EMI and total cost after the down payment, with 10%, 20% and 30% down compared
Monthly EMI
₹16,607
- Loan amount
- ₹8,00,000
- Total interest
- ₹1,96,401
- Down payment + all EMIs
- ₹11,96,401
Excludes processing fees, insurance and registration.
What the car costs in all
Down payment₹2,00,000 · 16.7%
Loan principal₹8,00,000 · 66.9%
Interest₹1,96,401 · 16.4%
Down payment and EMI, 5 years at 9.00%
- 10% down (₹1,00,000)
- ₹18,683 a month, ₹2,20,951 interest
- 20% down (₹2,00,000)
- ₹16,607 a month, ₹1,96,401 interest
- 30% down (₹3,00,000)
- ₹14,531 a month, ₹1,71,851 interest
Where you stand each year
- End of year 1
- ₹6,67,336 outstanding
- End of year 2
- ₹5,22,227 outstanding
- End of year 3
- ₹3,63,506 outstanding
- End of year 4
- ₹1,89,896 outstanding
- End of year 5
- ₹0 outstanding
Your inputs are in the page address — bookmark it, or send the link to come back to exactly this calculation. Nothing is stored on our servers unless you save it.
How this is calculated
Formula
EMI = P × i × (1 + i)ⁿ ÷ [(1 + i)ⁿ − 1]
With your numbers
- 1LoanP = price − down payment₹10,00,000 − ₹2,00,000 = ₹8,00,000
- 2Monthly ratei = r ÷ 12 ÷ 1009.00% ÷ 12 ÷ 100 = 0.007500
- 3Instalmentsn = years × 125 × 12 = 60
- 4EMI₹16,607
Monthly EMI₹16,607
- Reducing balance: each month’s interest is charged on what is still owed.
Frequently Asked Questions
Related Tools
Terms used here
Printed from bulltimes.com/tools/car-loan-calculator. The full page address reproduces these inputs. BullTimes recommends nothing; check figures that matter with an adviser.
Every formula, convention and source behind these calculators is written down. Read the methodology — including what BullTimes deliberately will not do. We take no commission on anything, and recommend nothing.