Car Loan EMI Calculator
Calculate car loan EMI for new and used cars across leading Indian banks and NBFCs. Includes prepayment savings and tenure optimization.
Updated April 2026•Reviewed by CA Priya Sharma (Membership No. 234567)
8 Lakh
₹
% p.a.
years
₹
See how much interest you save with monthly prepayments.
Compare across banks
| Bank | Rate | EMI |
|---|---|---|
| State Bank of India | 9.2% | ₹16.7K |
| HDFC Bank | 9.4% | ₹16.8K |
| ICICI Bank | 9.1% | ₹16.6K |
| Axis Bank | 9.3% | ₹16.7K |
| Kotak Mahindra Bank | 8.85% | ₹16.5K |
| Punjab National Bank | 8.95% | ₹16.6K |
| Bank of Baroda | 8.85% | ₹16.5K |
| Canara Bank | 8.7% | ₹16.5K |
Rates are indicative starting rates. Final rate depends on your CIBIL, income, and bank policy. Click any bank for a dedicated calculator.
Monthly EMI
₹16,607
60 months · 9% p.a.
Total interest
₹1.96 L
Total payment
₹9.96 L
Principal vs Interest
Principal
80%
Year-wise breakdown
Frequently asked questions
Get this as a PDF report
Email or WhatsApp yourself a branded PDF + 5 personalised money-saving tips.
We never spam. Unsubscribe anytime.