Car Loan EMI Calculator

Updated: 17-12-2025 07:46:35 AM

• It has been mentioned before; the EMI calculator gives you an opportunity to calculate your monthly instalments that you would have to repay after the disbursal of car loan. It would help you assess which scheme matches your affordability.
• The EMI calculator also provides you with a comprehensive view of your loan repayment. With the help of iconographics such as a pie chart or a table, the EMI calculator represents the proportion of the amounts of interest rate, principal and the processing fee, if any, of the total repayment value.
• The monthly and annual amortization tables, which have been explained below, can also be viewed.
• The calculator also allows you to view the various segments of the repayment value, individually and helps in determining your car loan eligibility. It presents a break of the total payable amount into the loan amount, total interest amount payable and the processing fee.

Key features

• Quick results – Once you have entered the details, the calculator provides the computed EMI value immediately. Multiple results can be obtained for free in case you want to calculate EMIs for multiple car loan tenures and different car loan interest rate. Thus, without wasting any time, you can receive the data with ease. It won’t be incorrect to say that you are just a click away from the EMI value.
• Accuracy – Since the car loan EMI calculator has eliminated the possibility of any human error, the exact value can be computed without any errors and hence, is completely reliable. The results may vary based
• Repetition – The EMI calculator puts no restriction on the number of inputs that you are entitled to. You can calculate the EMI with as many variations as you want.
• Comparative data – Since you can use the calculator multiple times with variations in the amounts, the task of comparative analysis of the different schemes becomes easy and handy.
• Prepayment evaluation – The car loan EMI calculator toolalso allows you to understand the influence of prepayment on your car loan EMI. You just need to provide the input for the frequency and the amount of prepayment along with the prepayment charges. The EMI calculator would provide you with the EMI instantly.
• Car loan interest charges – It is already evident by now that the interest rate on car loan is one of the prime factors of the EMI. The interest rate looks moderate as a percentage for most of the schemes. However, once you calculate the total interest rate charges, the value turns out to be huge. For this clarity, particularly for the first-time clients, the calculator depicts the entire amount to be paid as interest rate charges.

For a better understanding, consider the following example:
A bank is charging the interest rate of 10% per annum on the principal amount of Rs 10 lakhs. The tenure is 84 months. In this case, the total amount to be repaid as interest turns out to be close to Rs 4 lakhs. At the first sight, 10% per annum doesn’t seem to be as huge, but the computed value of approximately 4 Lakh for a principal of 10 Lakh turns out to be huge.
While this seems to be obvious to a few, for the rest who are not aware of such matters, the EMI calculator is a major relief.

Amortization details through the Car Loan EMI calculator

• Starting balance – This refers to the starting balance of a period which the borrower needs to pay back to the car loan providerin the initial phase of the tenure.
• Ending balance – Closing balance is the amount that you need to repay to the car loan provider at the end of the tenure when the car loan maturity is reached.
• Interest paid – This value corresponds to the total monthly amount of the EMI that is paid as interest to the bank. Successive months will witness a reduction in this amount.
• Principal paid – This value is the amount of the EMI that is repaid to the car loan provider as a part of the principal.

The annual table provides details for the total amount, EMI, total interest, monthly interest paid, flat interest rate and other such variables can be viewed.

Finding an EMI calculator

Paisabazaar.com provides you with a very easy to use and completely reliable car loan EMI calculator. This user-friendly EMI calculator tool has been provided on the website on the homepage itself. You can simply click on the link with the tag ‘EMI calculator’. Next, you can fill in the relevant details and then, the values would be provided instantly.