Find the monthly EMI and total cost of your car or bike loan.
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See year-by-year schedule
Popular uses
About this tool
Car loans usually run for 3 to 7 years. A bigger down payment and a shorter loan keep the total interest low. Remember to add insurance, registration and fuel to your monthly budget.
How to use the EMI calculator
1Enter loan amountThe amount you will borrow, after your down payment.
2Enter rate and timeThe yearly interest rate from your bank, and the loan time in years or months.
3See your EMIMonthly EMI, total interest and total payment update instantly.
Questions people ask
Is a 7-year car loan a good idea?
The EMI is lower, but you pay more interest and the car loses value faster than the loan goes down. 3–5 years is usually wiser.