Loan Amount
Minimum amount is ₹100
Minimum interest is 1%
Yr
Mn
Minimum time period is 1 year/month
₹
100000
₹
100000
₹
100000
₹
100000
Loan Amortisation Chart
Click on "Refresh Table" to update the table using current values
Purchasing your dream vehicle can be exciting, but understanding how to manage your finances is key to making it a reality. Our Vehicle Loan EMI Calculator simplifies the process, allowing you to calculate the exact monthly payments for your car loan. Whether you’re planning to buy a brand-new car or a used one, use our Car Loan and EMI Calculator to plan better, manage your budget, and drive stress-free!
Clarity on Loan Repayment:
Understand the principal and interest component of each EMI payment, so you know exactly how much of your loan is paid off each month.
Get the EMI Results: The EMI Calculator for Car Loan will instantly display the monthly payments, total interest payable, and the overall repayment amount.
There’s a formula that LXME uses to calculate the EMI for Home Loan. First, we determine:
Monthly interest rate ( r) = Yearly Interest Rate/12
No. of Payments (t) = Time period in years *12
EMI Formula = (P*r*(1+r)^t)/((1+r)^t-1)
Let’s take an example to understand EMI calculations better: Anita takes a ₹45 Lakhs Home loan for 20 years time period at a rate of interest of 9%p.a., then her monthly EMI would be ₹40,488 and in this loan tenure of 20 years, she’ll pay a total principal amount of ₹45,00,000 and total interest of ₹52,17,040. Her total amount paid for the loan in 20 years timeline would be ₹97,17,040. Similarly, you can add your inputs in the calculator and plan your EMIs.
A Vehicle Loan EMI Calculator helps you calculate the monthly payments for your car loan, based on the loan amount, interest rate, and tenure. It provides a clear picture of your repayment plan.
Our Car Loan Calculator uses standard formulas to give you an accurate estimate of your monthly EMI. However, actual EMI amounts may vary slightly depending on lender-specific fees or charges.
Yes! Our EMI Calculator for Car Loan allows you to easily adjust the loan tenure to see how it impacts your monthly payments and overall interest payable.
By using the Car Finance EMI Calculator, you get a clear idea of your monthly obligations, helping you budget better and manage your finances without overextending yourself.
Yes, our Car Loan and EMI Calculator works for both new and used cars. Simply input the loan amount and other details, and get the EMI calculated instantly.
