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Car Loan Calculator — Auto EMI
Calculate car loan EMI and total interest for new and used vehicle finance.
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Overview
Dealers often quote EMI without showing total interest. Use this car loan calculator to see the full repayment picture for your on-road price and tenure.
Examples
₹12 lakh at 9% for 5 years
Mid-segment new car
₹8 lakh at 10% for 4 years
Compact SUV finance
₹5 lakh at 11% for 3 years
Used car loan
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Frequently asked questions
Should I include down payment?
Enter only the financed amount (on-road price minus down payment) as the loan principal.
Do car loans use flat or reducing balance?
Most Indian auto loans use reducing balance EMI. This calculator follows that method.
Can I prepay a car loan?
Many lenders allow prepayment with fees. This tool shows scheduled EMI; actual savings depend on lender rules.
Is this Car Loan Calculator free to use?
Yes. MerQPrime calculators run in your browser with no sign-up. Enter your numbers and get instant results.
Are results accurate for Indian finance tools scenarios?
Calculators use standard formulas accepted by Indian banks and businesses. Always confirm final figures with your lender, CA or advisor before committing.
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