About this calculator
Planning a car loan starts with a clear EMI picture. This calculator turns principal, annual interest rate and tenure into an estimated monthly instalment using the standard reducing-balance formula used across Indian retail auto loans.
Use it before visiting a showroom so you know what monthly outflow roughly fits your salary. Change tenure in steps of six months to see how EMI and total interest trade off. Remember that on-road price, not ex-showroom alone, should drive the loan amount if you finance registration and insurance. CarDecision labels every result as estimated — lenders still underwrite your credit profile separately.
Formula summary
EMI = P × r × (1+r)^n / ((1+r)^n − 1), where r is monthly rate and n is tenure in months.
Assumptions
- Reducing-balance EMI formula; processing fees and insurance add-ons not included unless you add them to the loan.
- Interest rates vary by bank, credit score and promotional offers.
- Outputs are estimated / indicative — not a sanction letter.