Auto Loan EMI Calculator

Online financial calculator that allows you to calculate your car and other auto loan EMI, interest rate for a particular amount. Calculate equated monthly installment (EMI) for new and used cars or other vehicles.

Auto Loan EMI, Interest Rate Calculation

Amount (Vehicle Price)
Down Payment
Annual Interest Rate %
Term/Period months
 
 
 
Monthly Payment
Total Interest Payment
Total Amount to Pay
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Formula:

EMI = ( P × r × (1+r)n ) / ((1+r)n − 1) Where    EMI = Equated Monthly Installment    P = Loan Amount - Down payment    r = Annual Interest rate / 1200    n = Term (Period or no.of year or months for loan repayment.)

Auto loan EMI and interest rate calculations for car and other vehicles are made easier.

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