Calculate car loan EMI, total cost of ownership, and compare rates from 8+ banks and financial institutions. Plan your car purchase with accurate calculations.
Monthly EMI
₹10,440
Total Interest
₹1,26,397
Total Payment
₹6,26,397
Loan Breakdown
✓Keep EMI < 40% of salary
✓Longer tenure = higher interest
✓Compare 3+ lenders
✓Negotiate down payment
✓Check insurance costs too
EMI = P x r x (1+r)^n ÷ [(1+r)^n − 1]
P = Loan amount
r = Monthly rate
n = Months
This tool helps you understand your monthly EMI, total interest, and repayment burden before you commit to a car finance offer. It also helps compare down payment and loan tenure choices in seconds.
Indicative rates — EMI per ₹5 lakh for 5 years
| Bank/NBFC | Rate (p.a.) | EMI/₹5L (5yr) |
|---|---|---|
| SBI | 8.75% | ₹5,247 |
| HDFC Bank | 9.25% | ₹5,557 |
| ICICI Bank | 9.25% | ₹5,557 |
| Axis Bank | 9.25% | ₹5,557 |
| Maruti Finance | 8.75% | ₹5,247 |
| Bajaj Auto Finance | 9.00% | ₹5,398 |
| Kotak Mahindra | 9.25% | ₹5,557 |
| IndusInd Bank | 8.85% | ₹5,309 |
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