Standard EMI formula
EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ − 1) — same math every Indian bank uses, applied live to every slider change.
Car Loan EMI Calculator
Plan your EV monthly EMI in seconds
Set your loan amount, down payment, interest rate and tenure — see your monthly EMI, total interest, full amortization schedule, and how much of every payment goes to principal vs interest.
Live EMIInterest breakdownYear-by-year schedule100% free
Loan details
Adjust each slider to see the EMI update instantly.
₹3 L₹1 Cr₹2 Cr
Higher down payment = lower EMI + less interest.
6%12%18%
1 yr4 yrs8 yrs
Car price
Rs. 15.00 L
Loan amount
Rs. 12.00 L
Monthly EMI
Rs. 24,620
/ month
For 60 months at 8.50% interest
Principal
81%
PrincipalRs. 12,00,000
81.2% of total
InterestRs. 2,77,190
18.8% of total
Total payable
Rs. 14,77,190
Loan amount
Rs. 12.00 L
Total interest
Rs. 2.77 L
Interest / month
Rs. 8,500
Paid after 1 yr
Rs. 2,95,438
Year-by-year amortization
Y1
Y2
Y3
Y4
Y5
| Year | Principal | Interest | Balance |
|---|---|---|---|
| Year 1 | Rs. 2,01,155 | Rs. 94,283 | Rs. 9,98,845 |
| Year 2 | Rs. 2,18,935 | Rs. 76,503 | Rs. 7,79,910 |
| Year 3 | Rs. 2,38,287 | Rs. 57,151 | Rs. 5,41,623 |
| Year 4 | Rs. 2,59,349 | Rs. 36,089 | Rs. 2,82,274 |
| Year 5 | Rs. 2,82,274 | Rs. 13,165 | Rs. 0 |
PrincipalInterest
How the EMI calculator works
Down payment impact
Every ₹10,000 extra you put down cuts both your monthly EMI and your total interest paid. Try raising the down payment slider and watch the numbers drop.
Shorter = cheaper
Longer tenures mean smaller EMIs but way more interest. Pick the shortest tenure your budget can handle to minimize total cost.