Car Loan EMI Calculator

Loan Amount

Rate of Interest (P.a)


Loan Tenure (Months)


Monthly EMI


Total Interest

Total Amount

Car Loan Amortization

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What is a Car Loan EMI Calculator?

A car loan EMI calculator helps you calculate the EMI (Equated Monthly Instalment) you would have to pay to repay your car loan. Calculating your loan EMI beforehand could help you plan your finances in a better way.

Use Navi Car Loan EMI Calculator to save time and get accurate results. This convenient tool carries a user-friendly design and helps you calculate your car loan EMI in a quick and efficient manner.

How to Calculate Car Loan EMI?

Your car loan EMI depends on three factors – the loan tenure, the applicable interest rate, and the principal amount. You can calculate your car loan EMIs manually, but it is a time-consuming process and is prone to errors. Instead, you can use the Navi car loan calculator to accurately calculate the EMI in a few seconds.

Use the following steps to calculate your car loan EMI:

Select the loan amount

Choose the amount you need with the help of slide bar

Select the loan tenure

Use the slide bar to choose the loan tenure

Select the interest rate

Move the slide bar to select the interest rate

Once you have selected the details, you will be able to check your EMI instantly.

What is the Car Loan EMI Formula?

The formula to calculate the car loan EMI is as follows:

EMI = P × r × (1 + r)n/((1 + r)n – 1) where,

P = loan amount
r = interest rate
n = tenure in number of months 

For example, for a principal loan amount of ₹1,00,000, 8% interest rate and a tenure of 4 years, the EMI will be ₹2,441 per month.

Advantages of Using the Navi Car Loan EMI Calculator

Here are some of the advantages of using the Navi car loan EMI calculator:

Intuitive design

It features a user-friendly and intuitive design that facilitates hassle-free calculation

Accurate results

Get quick and accurate results at all times with our EMI calculator


Save time and calculate your EMI within a few seconds

Frequently asked questions

Car loan EMI is the amount of money a borrower will have to pay every month to the lender during the entire tenure of the loan. It includes the principal loan amount as well as the interest component of the loan.
Yes, the loan tenure affects the amount you will pay every month to your lender. The longer the tenure of the loan, the lower will be the amount you will pay as EMI every month.
If you skip your EMI, the lender may charge a late payment fee from you. If you miss multiple EMIs, your car may be seized by the lender. Additionally, it will not reflect well on your credit history and could reduce your credit score.
You could reduce your car loan EMI by increasing the loan tenure. However, note that a long-term loan would mean that you have to pay more towards the interest, increasing the overall cost of the loan.
You can reduce your home loan EMI through home loan balance transfer, where you can switch your existing home loan account to another lender under better terms and conditions. Alternatively, you can increase your loan tenure to reduce your EMI outgo.
The downpayment affects the EMI payable on a car loan, the interest rate and the loan tenure. A higher down payment could ease the loan burden off your shoulders.
Here are a few factors that you could consider before taking a car loan:
  • Credit score: Having a good credit score could help you get better deals on loans. Similarly, a poor credit score could lead to loan application rejection.
  • EMI payable: Loan affordability depends on your EMI to an extent. Calculate your EMI beforehand to avoid financial stress and plan better.
  • Repayment capacity: Always evaluate your repayment capacity before taking a loan. Any missed EMIs could have a negative impact on your credit score.
Disclaimer : Navi does not guarantee accuracy, completeness or correct sequence of any of the details provided therein and therefore no reliance should be placed by the user for any purpose whatsoever on the information contained / data generated herein or on its completeness / accuracy. The use of any information set out is entirely at the User’s own risk.


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