Car loan EMI calculator · rates from 8.5% p.a.

The monthly,
honestly

Loan details

Loan amount

₹

₹1 L₹1.5 Cr

Loan tenure

months

1 year7 years

Interest rate

% p.a.

7%24%

Or start from a car

Loan set to 80% of the Toyota Innova Crysta (₹27 L), with 20% down.

₹45,364/month

for 5 years at 9.5% p.a.

Total principal₹21,60,000

Total interest payable₹5,61,841

Total amount payable₹27,21,841

Indicative only. The final rate depends on your credit profile, tenure and the car's age.

How each EMI splits between interest and principal, and what you still owe.

Year / due date	EMI paid	Principal	Interest	Split	Balance

1
Pay more upfront
A bigger down payment means a smaller loan, a smaller EMI and less interest overall.
2
Choose a longer tenure
Spreading the loan over more months lowers each EMI, but you pay more interest in total.
3
Keep a good credit score
A score above 750 usually gets you a lower interest rate.
4
Compare lenders
Even 1% less on the rate saves a noticeable amount over the loan.
5
Prepay when you can
Part-prepayments cut the principal, so later interest drops.

EMI = P × r × (1 + r)ⁿ ÷ [(1 + r)ⁿ − 1]

With your numbers: P = ₹21,60,000, r = 9.5 ÷ 12 ÷ 100 = 0.00792, n = 60. That gives an EMI of ₹45,364.

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