Calculate your monthly payments and view loan analytics
Principal
Interest
Total Amount
| Month | EMI | Principal | Interest | Balance |
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The Car Loan EMI Calculator helps you calculate your monthly payments and understand your loan breakdown. Follow these steps:
Input the loan amount, interest rate, and loan tenure in years.
Press the "Calculate EMI" button to see your monthly EMI and loan summary.
Check your monthly EMI, total interest, and payment breakdown. You can also view the amortization schedule for a detailed repayment plan.
A Car Loan EMI Calculator is a tool that helps you calculate your monthly Equated Monthly Installment (EMI) for a car loan. It also provides a breakdown of the principal and interest components of your loan.
The EMI is calculated using the formula:
EMI = [P x R x (1+R)^N] / [(1+R)^N-1]
Where P is the principal loan amount, R is the monthly interest rate, and N is the loan tenure in months.
Yes, you can adjust the loan tenure and interest rate using the sliders or input fields to see how it affects your EMI and total repayment amount.
An amortization schedule is a table that shows the breakdown of each EMI payment into principal and interest components. It also displays the remaining loan balance after each payment.