Used Car EMI Calculator
Work out the monthly instalment, total interest and total repayment for a used car loan.
The numbers shown are examples. Replace them with your own.
Use the rate in the lender's written offer.
Up to 120 months.
Monthly EMI
₹13,095
Total interest
₹71,438
15.2% of everything you repay
Total repayment
₹4,71,438
| Year | Paid | Of which interest | Balance left |
|---|---|---|---|
| 1 | ₹1,57,146 | ₹38,118 | ₹2,80,972 |
| 2 | ₹1,57,146 | ₹24,344 | ₹1,48,170 |
| 3 | ₹1,57,146 | ₹8,976 | ₹0 |
An estimate for comparison, not a loan offer. The lender sets the rate, fees and terms.
How to use it
- Enter the loan amount: the price minus your down payment.
- Enter the yearly interest rate from the lender's written offer.
- Enter the tenure in months (up to 120).
- Read the monthly EMI, the total interest and the total you will repay, and the year-by-year table.
How it works
A standard reducing-balance loan. With r the monthly interest rate (yearly rate ÷ 12 ÷ 100) and n the number of months, the monthly instalment is EMI = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1). Total repayment is EMI × n and total interest is that minus the loan amount. The table splits each year's payments into interest and the balance left.
A worked example
A loan of ₹5,00,000 at 10% a year for 36 months: r = 0.10 ÷ 12 = 0.008333, so EMI ≈ ₹16,134. Over 36 months you repay about ₹5,80,800, of which about ₹80,800 is interest.
What it assumes
- The rate is fixed for the whole loan and interest is charged monthly on the reducing balance.
- Processing fees, insurance add-ons, GST on fees and prepayment charges are not included.
- Lenders may round or compute slightly differently, so the lender's own schedule is the one that counts.
- This is an estimate for comparing options, not a loan offer or financial advice.
These are estimates to help you plan. They are not a guarantee, a loan or insurance offer, or financial advice. Confirm important figures with the seller, lender or insurer.