Car Loan Calculator

Calculate EMI of your car loan.

|1L|5L|10L|15L|20L|25L|30L|35L|40L
Year
|12|24|36|48|60|72|84
%
|5|10|15|20|25|30|35

Calculations

Your loan details as specified by you

EMI ()
925
Total Payable Interest ()
33,184
Total Payments Made Over Loan Term ()
1,33,184
Interest Amount ()
33,184
Principal Amount ()
1,00,000
Total Payments ()
1,33,184
YearOpening Balance ()EMI ()Interest paid monthly ()Principal paid monthly ()Closing Balance ()
20221,00,0002,7751,2441,53098,469
202398,46911,1004,7796,31992,150
202492,15011,1004,4576,64285,508
202585,50811,1004,1176,98278,526
202678,52611,1003,7607,33971,187
202771,18711,1003,3847,71563,473
202863,47311,1002,9898,10855,364
202955,36411,1002,5748,52646,840
203046,84011,1002,1388,96137,879
203137,87911,1001,6809,41828,461
203228,46111,1001,1989,90118,560
203318,56011,10069210,4088,153
20348,1538,3211718,1570

Car Loan EMI Calculation

Formula for Car Loan EMI Calculation:

EMI = [P x R x (1+R)^N]/[(1+R)^N-1]

Where,

E: Equivalent Monthly Installment,

P: Principal or total loan amount,

r: Interest rate per month (the annual interest rate is divided by 12 to get the monthly interest rate), and

n: Number of monthly instalments or loan tenure in months.

*This formula excludes the car loan processing fee charged by the bank.

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