EMI Calculator
Enter your loan amount, interest rate and tenure to get an instant monthly EMI figure.
Enter your loan details
Already know your loan amount? Get your EMI in one step.
A quick EMI number, no car price needed
If you already know how much you need to finance — rather than starting from the car's full price — this calculator gives you a straight EMI figure from loan amount, interest rate and tenure. For a fuller breakdown that starts from the car's price and includes a down payment and processing fee, use the full Car Loan Calculator instead.
How EMI is calculated
EMI is calculated using the standard reducing-balance formula, where each monthly payment covers a mix of interest (higher at the start of the loan) and principal (higher toward the end). Total repayment is simply your EMI multiplied by the number of months, and total interest is that figure minus your original loan amount.
Frequently asked questions
What interest rate should I use?+
Rates vary by bank/finance company, loan tenure, and your credit profile. Check current auto loan rates with your preferred lender and enter that figure for an accurate estimate.
Does EMI change if I make a larger down payment?+
Yes — a larger down payment reduces your financed loan amount, which lowers your EMI. Use the Down Payment Calculator to see that trade-off directly.