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Car Loan EMI Calculator
Car Loan Amount    Rs.
Interest Rate % Per Annum
Loan Tenure Years
Loan Amount
Rs. 300,000
Monthly Instalment (EMI)
Rs. 6,448
Total Interest Amount
Rs. 86,890
Total Amount (Principal + Interest)
Rs. 386,890
Year Principal Interest Balance Amount
1 Rs. 48,148 Rs. 29,228 Rs. 2,51,852
2 Rs. 53,455 Rs. 23,921 Rs. 1,98,397
3 Rs. 59,346 Rs. 18,030 Rs. 1,39,051
4 Rs. 65,885 Rs. 11,491 Rs. 73,166
5 Rs. 73,222 Rs. 4,228 Rs. 0
Bank Name Interest Rate(New Car)
Per Lac EMI (for 5 years)
HDFC Bank 10.25% - 12.50%
Rs. 2,137 - Rs. 2,250
State Bank of India (SBI) 10.75%
Rs. 2,162
Kotak Mahindra 11.50% - 13.50%
Rs. 2,199 - Rs. 2,301
Axis Bank 11.50% - 14.50%
Rs. 2,199 - Rs. 2,353

Other Available Calculators are -

EMI Calculator
Home Loan EMI Calculator
Home Loan Balance Transfer
Loan Amortization Calculator

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14 Comments, read them below or add one
  • Bala      May 22, 2013 3:55 pm
    I have a clarification for when I close SBI car loan partially,say example Loan Amt 500000, Partial payment 200000. what would be the benefit I will get?
    Post Reply
    • Raghu      May 23, 2013 1:02 pm
      Dear Bala, if you can pre pay partial payment of 200000 to the bank. Bank either cut your emi or cut the number of tenure it totally upto the bank.
      Post Reply
    • bhagya      May 22, 2013 11:54 am
      hi my gross is 78k and net is 72k..i already hv home loan EMI for 25k.. how much vehicle loan i will get for 5 and 6 years. my initial down payment will be 1.5 to 2 lacks.i am planning to buy mahindra quanto..pls advice.
      Post Reply
      • Deal4loans Team      May 23, 2013 1:00 pm
        Dear Bhagya, After considering your home loan emi you are eligible upto Rs.4-5.5 lac of loan amount for 4 year time period.
        Post Reply
      • arvind kumar      May 16, 2013 3:10 pm
        dear sir I want to buy Honda Brio AT i want to loan amount Rs 600000.00 i m PSU employee, my Gross salary per month is Rs 34250.00 & In Hand salary is Rs 22500.00 please suggest appropriate Bank for Car loan
        Post Reply
        • Jagdish      May 16, 2013 3:14 pm
          Mr Arvind You can try HDFC and SBI for Better & lowest Interest Rates.
          Post Reply
        • vikash      May 1, 2013 10:27 pm
          i am going to buy eon,for this i hav consulted sbi for 10.45%/anm.for 7year. i want to know that if i want to pre- surrender my loan before 7 year.is it possible,whether bank will charge for this and how much? is there any bank with low rate of interest?
          Post Reply
          • Deal4loans team      May 16, 2013 3:18 pm
            Dear Vikash, Theres no Pre payment penalty Charges in State Bank of India Car loans. on the otherhand HDFC Charged Pre payment in range of 3% to 5%.
            Post Reply
          • Ramees      April 30, 2013 12:26 pm
            I wish to purchase a new car (Honda Amaze diessel) for which i wish to get proper loan
            Post Reply
            • Kamal      April 30, 2013 12:33 pm
              Mr Ramees, Its totally depends on bank and particular Car dealer whether car is available on 100% loan or not. Sometimes Banks comes with special offers on some cars if Amaze comes with 100% finance offer then you will definitely get the 100% loan.
              Post Reply
            • Ashok      April 27, 2013 3:18 pm
              Want to buy Amaze 1.5 EMT. consisting Rs 7.50 lakhs in Mumbai. Initial payment will be of Rs. 2 lakhs and rest out of loan for 48 or 60 months. May I know rate of interest and bank who offers that. Also what would be minimum down-payment for the vehicle costing Rs 7.50 lakhs
              Post Reply
              • Deal4loans Team      April 27, 2013 4:13 pm
                Mr Ashok, All the banks have diffrent -different eligibility. We calculate your EMI on the 5.5lac of loan amount. Estimated EMI as Per Loan Amount HDFC Bank 10.25% - 12.50% Rs.11754 - Rs.12374, State Bank of India (SBI) 10.75% Rs.11890, Kotak Mahindra 11.50% - 13.50% Rs.12096 - Rs.12655, Axis Bank 11.50% - 14.50% Rs.12096 - Rs.12941, Banks provide upto 90% finance on the vehicles which are used for private use only but sometimes banks offering decent schemes like 100% finance for particular cars.
                Post Reply
              • deepika      April 27, 2013 12:55 pm
                i want to buy ertiga .i wont to know minimum emi of rs 300000 for 24 m0nths or 36 months
                Post Reply
                • Deal4loans Team      April 27, 2013 1:37 pm
                  Ms Deepika, Currently HDFC Offers Lowest rates 10.5% on car loan. As per HDFC Your EMI Would be near to rs.9750.73 for 36 months and rs.13912.81 for 24 months. *conditions Apply
                  Post Reply
                • kumar arvind      April 15, 2013 2:38 pm
                  I want to buy mahindra bolero Di non AC. I have initial amt 2L and rest want on EMI. Can I get Vichicle?
                  Post Reply
                  • Kamal      April 15, 2013 2:54 pm
                    Mr, Arvind, Regarding this information you have to check out with mahindra dealers for how much of money you have to pay as downpayment and after that cross check with your bank in which you are applied for car loan. Most of the banks finance upto 80% of the ex-showroom price of the car.
                    Post Reply
                  • aurav chauhan      April 13, 2013 10:45 pm
                    i need a car loan for tata safari storm lx...
                    Post Reply
                    • Deal4loans Team      April 15, 2013 2:37 pm
                      Dear Aurav, Regarding Car Loan you have to apply at http://www.deal4loans.com/apply-car-loans.php.
                      Post Reply
                    • Narayan       March 31, 2013 7:19 am
                      Hi. I need car loan to buy Renault Duster around 8 lacs to 9lacs I can give downpayment of 3 lacs pls suggest best banks
                      Post Reply
                      • Deal4loans Team      April 1, 2013 1:29 pm
                        Dear Narayan, For best deal on car loans apply with us and compare EMI, loan amount, processing fees & offers on loan with upto 4 banks and after that choose the best bank.
                        Post Reply
                      • AKS      March 29, 2013 3:11 pm
                        Wonderful deal4loans.com...... Thank you for helping me on car loan..... Superb website!!!
                        Post Reply
                        • sanjeev      February 16, 2013 12:00 am
                          i need car loan to buy TATA SAFARI STROME VX model by March-2013,plz let me know that which banks interest rate is loaw.
                          Post Reply
                          • Suresh      February 16, 2013 10:57 am
                            Hi Sanjeev..First of All Congrats you choose Safari Storme over other cars.. Well In Interest Rates - SBI Offers special schemes for tata cars with lowest rates but takes some time to sanction the loan. 2nd option is HDFC..Hassle free service, easy documentation lowest rates etc. Now it depends on you in how many days you want to get the car..If you have time go for SBI otherwise HDFC is better deal
                            Post Reply
                            • Dhanasekar R      February 22, 2013 3:52 pm
                              Hi Sanjeev, axis bank offering best deal on Car loan. Regards
                              Post Reply
                          • sandeep kamboj      January 2, 2013 1:32 pm
                            i want car loan for innova.
                            Post Reply
                            • Admin      January 2, 2013 5:17 pm
                              Hi, Sandeep... For Queries Regarding the Toyota Innova Car loan. Fill your application here http://www.deal4loans.com/apply-car-loans.php
                              Post Reply
                            • suresh r      December 25, 2012 1:19 pm
                              i need car loan for renault scala.
                              Post Reply
                              • Deal4loans      December 26, 2012 11:16 am
                                Hi, Mr Suresh - You can fill your application form for car loan at http://www.deal4loans.com/apply-car-loans.php.. After That Our Representative will contact you.
                                Post Reply

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