Car Loan EMI Calculator – Repayment Schedule & Prepayment Estimator
Calculate your car loan EMI, complete month-by-month repayment schedule, and prepayment interest savings online. Optimize loan payoff across new and used vehicle financing in India.
Calculation Summary
Negative Equity & Insurance IDV Depreciation Trap Simulator
Evaluate if your car depreciates faster than your bank loan balance, exposing you to an out-of-pocket deficit during total loss or theft.
| Milestone | Car Value (IDV) (₹) | Bank Loan Balance (₹) | Equity Status | Deficit Gap (₹) |
|---|
Visualizations
Payment Breakdown
Balance Over Time
Monthly Breakdown
Cumulative View
Car Loan Repayment Schedule & Amortization Table
Detailed month-by-month and yearly breakdown of your principal balance, monthly interest, and cumulative repayment path.
Car Loan EMI Guide & Trending Vehicle Comparisons (India 2026)
Planning to buy your dream car in 2026? Whether you are opting for a compact SUV like the Tata Punch or Maruti Fronx, or stepping up to the newly launched Tata Sierra, Mahindra Scorpio-N, or Mahindra Thar, understanding your monthly EMI commitment and overall interest burden is essential before visiting the dealership.
Trending Car Models EMI & On-Road Estimation Matrix
| Model Name | Avg Loan Amount | Avg Interest Rate | Tenure | Estimated Monthly EMI | Total Interest |
|---|---|---|---|---|---|
| Tata Punch | ₹8,50,000 | 8.70% p.a. | 5 Years (60 mos) | ₹17,522 | ₹2,01,320 |
| Maruti Fronx / Baleno | ₹9,00,000 | 8.70% p.a. | 5 Years (60 mos) | ₹18,553 | ₹2,13,180 |
| Mahindra Thar 4x4 | ₹14,00,000 | 8.70% p.a. | 7 Years (84 mos) | ₹22,342 | ₹4,76,728 |
| Mahindra Scorpio-N | ₹16,00,000 | 8.70% p.a. | 7 Years (84 mos) | ₹25,534 | ₹5,44,856 |
| Tata Sierra (New Launch) | ₹18,00,000 | 8.50% p.a. | 7 Years (84 mos) | ₹28,506 | ₹5,94,504 |
| Mahindra XUV 7XO | ₹15,00,000 | 8.70% p.a. | 7 Years (84 mos) | ₹23,906 | ₹5,08,104 |
| Kia Seltos | ₹13,50,000 | 8.70% p.a. | 5 Years (60 mos) | ₹27,828 | ₹3,19,680 |
| Tata Punch EV | ₹11,00,000 | 8.50% p.a. | 5 Years (60 mos) | ₹22,568 | ₹2,54,080 |
| Tata Tiago | ₹6,50,000 | 8.70% p.a. | 5 Years (60 mos) | ₹13,398 | ₹1,53,880 |
Standard Car Loan EMI Quick Reference (₹5 Lakh to ₹20 Lakh @ 8.75%)
Compare equated monthly payments and total interest outgo across standard financing amounts at benchmark commercial vehicle rates:
| Loan Principal (₹) | 3-Year EMI (36m) | 5-Year EMI (60m) | 7-Year EMI (84m) | Total Interest (5Y) | Total Interest (7Y) |
|---|---|---|---|---|---|
| ₹5,00,000 (Compact / Hatchback) | ₹15,841 | ₹10,319 | ₹7,980 | ₹1,19,136 | ₹1,70,305 |
| ₹8,00,000 (Compact SUV) | ₹25,345 | ₹16,510 | ₹12,768 | ₹1,90,617 | ₹2,72,488 |
| ₹10,00,000 (Mid-Size Sedan / CSUV) | ₹31,682 | ₹20,638 | ₹15,959 | ₹2,38,271 | ₹3,40,610 |
| ₹14,00,000 (Popular Mid-SUV / Thar) | ₹44,355 | ₹28,893 | ₹22,342 | ₹3,33,580 | ₹4,76,854 |
| ₹15,00,000 (Executive SUV / EV) | ₹47,523 | ₹30,957 | ₹23,939 | ₹3,57,407 | ₹5,10,915 |
| ₹20,00,000 (Premium SUV) | ₹63,364 | ₹41,275 | ₹31,919 | ₹4,76,543 | ₹6,81,180 |
*Estimates based on 85% on-road financing with current public and private sector auto loan rates (SBI, HDFC, ICICI).
Frequently Asked Questions: Car Loans & Vehicle EMIs
What is the EMI for a Tata Punch on an ₹8.5 Lakh car loan?
For an ₹8,50,000 car loan at an average interest rate of 8.70% for a 5-year tenure (60 months), the monthly EMI is approximately ₹17,522. The total interest payable over the loan duration is ₹2,01,320.
What is the estimated monthly EMI for the new Tata Sierra?
Taking an estimated ex-showroom/on-road loan amount of ₹18,00,000 at 8.50% p.a. over a 7-year tenure (84 months), the monthly EMI is approximately ₹28,527.
What is the estimated monthly EMI for the Mahindra XUV 7XO?
For an ₹15,00,000 loan on the Mahindra XUV 7XO at 8.70% p.a. over a 7-year tenure (84 months), the estimated monthly EMI is approximately ₹23,906, with total interest of ₹5,08,104.
What is the EMI for the Tata Punch EV on an ₹11 Lakh auto loan?
With green car loan concessions (typically 8.50% p.a.), an ₹11,00,000 loan over 5 years (60 months) has a monthly EMI of approximately ₹22,568.
What is the ideal tenure for a car loan in India?
Financial advisors recommend keeping your car loan tenure between 3 to 5 years (36 to 60 months). While 7-year loans lower your monthly EMI, cars are depreciating assets and longer tenures significantly increase total interest paid.
Which bank offers the lowest car loan interest rate in 2026?
Leading public sector banks such as SBI, Bank of Baroda, and PNB typically offer auto loans starting from 8.50%–8.75% for borrowers with a CIBIL score of 750+. Private banks like HDFC and ICICI offer instant digital sanctioning at 8.70%–9.10%.
What is the monthly EMI for a 6 Lakh and 10 Lakh car loan?
For an ₹6 Lakh car loan at 8.80% p.a. over 5 years (60 months), the monthly EMI is ₹12,400 (total interest: ₹1.44 Lakh). For an ₹10 Lakh car loan at 8.70% p.a., a 5-year tenure gives an EMI of ₹20,614/month, while stretching to 7 years (84 months) brings the monthly EMI down to ₹15,920/month.
Can I get 100% on-road funding for a car loan in India?
Select banks and NBFCs (such as SBI, HDFC, and ICICI) offer up to 100% on-road financing for government employees, defense personnel, and high-income salaried professionals with CIBIL scores above 775. However, 100% financing increases the risk of negative equity (underwater loan) during the first 24–36 months due to steep upfront vehicle depreciation.