Vehicle Loan EMI Calculator
Plan your car or bike loan. Enter the loan amount, annual interest rate and tenure in months to see your EMI and the true cost of the loan.
Calculator
How EMI is calculated
Banks use the reducing-balance formula: EMI = P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1), where P is the principal, r the monthly interest rate and n the number of months. A ₹5,00,000 loan at 9.5% for 60 months works out to an EMI of about ₹10,501 — and nearly ₹1.3 lakh in total interest.
Getting a better deal
A larger down payment reduces both EMI and total interest. Shorter tenures raise the EMI but cut interest sharply. Compare the flat rate quoted by some dealers with the reducing rate — a 7% flat rate can equal roughly 12–13% reducing.
All vehicle tools in one app
Fuel, mileage, EMI, loan, GST, SIP, FD, PPF and vehicle age calculators — plus RC, DL and challan checks.
