Car Loan EMI Calculator
Calculate your car loan EMI, total interest payable & year-wise repayment schedule instantly. Includes ex-showroom vs on-road price calculator.
| Year | Opening Balance | Principal Paid | Interest Paid | Closing Balance |
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Always compare the on-road price — not the ex-showroom price — before calculating your loan. RTO registration, insurance, and handling charges typically add 8–12% to the ex-showroom price. On a ₹8 lakh car, the on-road price can easily be ₹9–9.5 lakh. A higher down payment significantly reduces your interest burden — even a 20% down payment can save ₹50,000+ over a 5-year term. Always compare lenders using the reducing balance rate, not the flat rate. Smart EMI Calculator →
Disclaimer: This calculator provides estimates based on the reducing balance EMI formula. Actual car loan EMI may vary depending on your lender, CIBIL score, loan processing fees, and insurance requirements. Interest rates shown are indicative for 2026. Many car loans quote a flat rate — the effective reducing balance rate is higher. Always confirm the rate with your lender before signing. This tool is for educational reference only and does not constitute financial advice.