Car Loan EMI Calculator
Calculate car loan EMI with interactive on-road price and down payment sliders. Model loan-to-value ratios and plan your vehicle financing budget.
This is a repayment planning example. Valid shared inputs are retained; check the lender’s current conditions and limits.
The 20/4/10 Automotive Financing Rule
Recommended benchmark to prevent vehicle negative equity and excessive interest burn.
Pay at least 20% down to absorb the car's rapid first-year depreciation and avoid owing more than market value.
Keep loan duration under 48 months (4 years). Longer 6-7 year loans make you pay up to 40% more in pure interest.
Total monthly transportation costs (EMI + fuel + insurance + maintenance) should not exceed 10% of gross monthly pay.
Amortization Schedule
Click any year row to view individual monthly principal & interest allocations.
| Year | Opening Balance | Principal Paid | Interest Paid | Prepayment | Closing Balance |
|---|---|---|---|---|---|
| Calculate loan parameters to generate yearly and monthly amortization schedule. | |||||