Loan Calculators

Car Loan Calculator

Calculate the monthly EMI and total cost of your car loan.

About the calculator

What is the Car Loan Calculator?

The Car Loan Calculator is a free online tool that helps you make informed decisions about your money. Enter your numbers and the calculator gives you instant, accurate results.

Use it to compare scenarios, plan goals and validate assumptions — all without signing up.

Formula used
  • EMI
    EMI = P × r × (1 + r)ⁿ / ((1 + r)ⁿ − 1)
  • Total Interest
    Interest = (EMI × n) − P

Why use the Car Loan Calculator?

Financial planning works only when it's specific. The Car Loan Calculator converts assumptions into concrete numbers — so you can choose between scenarios with confidence rather than guesswork.

How it helps

By tweaking inputs and instantly seeing the impact, you build intuition for how the underlying variables interact. This is far more useful than abstract formulas alone.

What to remember

Calculators show possible outcomes based on the assumptions you provide. Real-world results may vary; review your plan periodically and adjust as your income, goals and circumstances evolve.

Frequently Asked Questions

9–12% for new cars, 12–16% for used cars.
10–25% of the on-road price is common.
3–7 years for new cars, up to 5 years for used.
Only for self-employed individuals using the car for business.
Leasing is good for businesses or short ownership; buying suits long-term use.
Available but at higher rates and shorter tenures.

Related Calculators

Zero brokerage. All segments.

Open a Flattrade Account

Trade equity, F&O, currencies and commodities at ₹0 brokerage. Powered by fast execution and advanced trading tools — built for serious investors.

Open Account