Estimate EMI for a car loan.
Enter your values below — results update instantly as you type.
EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P = loan amount, r = monthly rate, n = tenure in months.
3-5 years is ideal. Longer tenures increase total interest significantly — a 7-year car loan can cost 30-40% more than the car's price.