Auto Finance
Vehicle Loan EMI Calculator
Calculate your monthly vehicle loan EMI, net financed principal after down payment, total interest outflow, and total cost of ownership for new cars, pre-owned cars, or two-wheelers.
Vehicle Finance Terms Auto Loan
e.g. ₹10 Lakhs on-road price.
Financing Summary
Monthly EMI Payable
₹ 16,509
Financed Principal:
₹ 8,00,000
Total Interest Outflow:
₹ 1,90,569
Total Vehicle Ownership Cost:
₹ 11,94,569
Electric Vehicles (EV) Benefit:
Taxpayers financing an electric vehicle under loans sanctioned between April 2019 and March 2023 can claim an additional deduction of up to ₹1,50,000 on interest payments under Section 80EEB.
Vehicle Loan Amortization
Automobile loans are computed on a monthly reducing balance basis. A higher initial down payment reduces the principal loan amount, which substantially lowers both your monthly installment and total interest expenditure over 3 to 7 years.