Car Loan EMI Calculator: EMI, Interest and Total Cost of Your Car Loan
Free tool · Updated October 3, 2026 · By CouponTalk · Reviewed by CouponTalk Expert Reviews on
Your result
Enter your measurements to see your result.
Quick answer
On a ₹10 lakh on-road car with ₹2 lakh down, an ₹8 lakh loan at 9% for 5 years is about ₹16,607 a month, with about ₹1.96 lakh of interest. A 7-year loan lowers the EMI but adds much more interest, and the car loses value faster than you repay. Most planners suggest at least 20% down and a tenure of 4–5 years.
How to use this calculator
- Enter the price of the car (on-road price) and any down payment.
- Add the interest rate and tenure your bank or lender offers.
- Add the processing fee to see the true cost of the EMI.
Car loan EMI per ₹1 lakh
| Rate | 3 years | 5 years | 7 years |
|---|---|---|---|
| 8.5% | ₹3,157 (₹13,643 interest) | ₹2,052 (₹23,099 interest) | ₹1,584 (₹33,026 interest) |
| 9% | ₹3,180 (₹14,479 interest) | ₹2,076 (₹24,550 interest) | ₹1,609 (₹35,148 interest) |
| 9.5% | ₹3,203 (₹15,319 interest) | ₹2,100 (₹26,011 interest) | ₹1,634 (₹37,289 interest) |
| 10% | ₹3,227 (₹16,162 interest) | ₹2,125 (₹27,482 interest) | ₹1,660 (₹39,450 interest) |
| 11% | ₹3,274 (₹17,859 interest) | ₹2,174 (₹30,455 interest) | ₹1,712 (₹43,828 interest) |
Indicative EMI only. Lenders set the final rate, fees and approval.
Frequently asked questions
What is a good EMI for my salary?
Keep the car EMI under about 10–15% of take-home pay, and all EMIs together under 40%. Use the car loan affordability calculator.
Fixed or floating rate for a car loan?
Most car loans are fixed-rate, which keeps your EMI the same for the whole tenure.
Should I take a 7-year car loan?
Only if you must. You pay much more interest, and for the first years you may owe more than the car is worth.
Related calculators
Flat vs Reducing Interest Rate CalculatorFlat rate to real (reducing) rate
Car Affordability Calculator (20/4/10 Rule)Salary to the car price you can afford
EMI CalculatorMonthly EMI, interest and total cost
No-Cost EMI True Cost CalculatorGST on interest + fee = real cost
See all tools & calculators → · Read Car Accessories buying guides →
Latest Car Accessories guides
View all blogs →
Car Accessories
10 Best Car Bass Tube Brands In India
Car Accessories
10 Best Air Conditioner Brands In India
Car Accessories
10 Best Car Body Cover Brands In India
Car Accessories
10 Best Car Floor Mat Brands In India
Car Accessories
10 Best Car Seat Cover Brands In India
Car Accessories
8 Best Alloy Wheel Brands In India
