🚗 Car Loan EMI Calculator
Calculate EMI for car loans
How to Use This Calculator
Enter Loan Amount
Input the car loan amount you want to borrow.
Enter Interest Rate
Input the annual interest rate percentage offered by the lender.
Enter Loan Tenure
Input the loan tenure in years (typically 3-7 years for car loans).
Formula
EMI = [P × R × (1+R)^N] / [(1+R)^N - 1]
Where P = Principal, R = Monthly Interest Rate, N = Number of Months
About Car Loan EMI Calculator
The Car Loan EMI Calculator calculates the Equated Monthly Installment (EMI) for car loans. Car loans typically have tenures of 3-7 years and help you finance your car purchase with affordable monthly payments. Understanding your EMI helps plan finances and choose the right car loan option.
When to Use This Calculator
- Car Purchase: Calculate EMI before buying a car
- Loan Planning: Plan monthly budget for car loan
- Loan Comparison: Compare car loan offers from different lenders
Why Use Our Calculator?
- ✅ Accurate Calculations: Uses standard EMI formula
- ✅ Easy to Use: Simple interface for quick calculations
- ✅ Free Tool: No registration required
Frequently Asked Questions
What is car loan EMI?
Car loan EMI is the fixed monthly payment made to repay a car loan, typically with 3-7 years tenure.
What is a typical car loan tenure?
Car loans typically have tenures of 3-7 years. Shorter tenures have higher EMI but lower total interest.