About this calculator
A car loan is more than the monthly EMI line on a brochure. Interest over four to seven years can add a large sum to what you truly pay for the car.
This calculator mirrors our EMI engine and surfaces total interest and total payable beside the monthly figure. Pair it with the affordability calculator if you want a salary-based budget ceiling, or the prepayment calculator if you expect bonuses you can use to cut principal later.
Formula summary
Same reducing-balance EMI as the EMI calculator, with emphasis on total interest and amount payable.
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.