Auto Loan Calculator – Calculate car loan EMI in Indian Rupees (INR)


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Auto, Car and Bike Loan Calculator

Use this simple calculator to calculate how much EMI and Interest you will need to pay in Indian Rupees (INR) for any motor loans such as a car loan or bike loan you have taken.

Loan amount

How much rupees you plan to take as loan. This is basically the cost of vehicle minus your down payment amount. You will get an error in calculation if total loan amount is not equal to downpayment+loan.

Number of months

This is how long you plan to take the loan in months. Eg: 60 months = 5 years.

Annual Interest rate

This is the interest rate you are going to be paying for the loan

How to use the auto loan calculator

Once you have entered all the above fields, click on the blue button “Calc”. This will calculate your car/bike loan details in Indian Rupees (INR). Once this is calculated, you will be able to see the total Payment amount, this is the monthly EMI you need to pay back for the car or bike loan you have taken.

You will also be able to see the total interest for this loan. The last field is the overall money you need to payback (Principal + Interest).

How much is the rate of interest for a car loan in India?

Car loan interest rates can be anywhere between 7.5% pa to 15% pa. Reputed banks such as SBI offer 8-9%pa. Where as third party lenders offer between 11% to 15% per annum.

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Abhi
Abhihttps://littlesaves.com
Abhi is a 29 yr old Indian, on FIRE to retire by 40. He has been investing and learning Finance for the past 12 years. After completing Mechanical engineering, he started working in a multi-national Bank and grew to become an AVP. Currently with an IT MNC as a VP. He lives in Bangalore with his wife and their 1 year old daughter. In his free time, Abhi loves to game on the Xbox, watch movies, read and blog.

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