Car Loan EMI Calculator
Calculate car loan EMI including on-road price, insurance, and RTO costs. Find the right tenure.
Loan Details
Results
Your Monthly EMI
₹16,801
Principal
₹8,00,000
Total Interest
₹2,08,089
Total Payment
₹10,08,089
Yearly Amortization Schedule
| Year | Principal Paid | Interest Paid | Balance |
|---|---|---|---|
| 1 | ₹1,31,234 | ₹70,383 | ₹6,68,766 |
| 2 | ₹1,44,259 | ₹57,359 | ₹5,24,506 |
| 3 | ₹1,58,576 | ₹43,041 | ₹3,65,930 |
| 4 | ₹1,74,315 | ₹27,303 | ₹1,91,615 |
| 5 | ₹1,91,615 | ₹10,003 | ₹0 |
Car loan basics
Banks typically fund 80-90% of on-road price for new cars and 70-80% for used cars. Rates range from 8.75% to 14% for new cars, 13-17% for used cars. Maximum tenure is 7 years (84 months) at most lenders; NBFCs offer up to 96 months.
On-road price components
- Ex-showroom price
- RTO tax (varies 6-20% by state)
- Insurance (first year bundled)
- Extended warranty and accessories (optional)
Frequently Asked Questions
Everything you need to know, in one place.
What is the max car loan tenure in India?
Most banks offer car loans for up to 7 years (84 months). A longer tenure lowers EMI but increases total interest.
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