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EMI and interest for a car / auto loan.
A car loan calculator works out the monthly EMI on a vehicle loan after your down payment. You borrow the on-road price minus whatever you pay upfront, and repay it in fixed monthly instalments over the chosen term.
It lets you see how the down payment, interest rate and tenure change the monthly payment and the total interest, so you can structure the deal to fit your budget.
Total interest = EMI × n − L.
Lenders often finance up to 80-90% of the on-road price. A bigger down payment reduces your loan, EMI and total interest, and can help you secure approval.
No. On-road price adds registration, road tax, insurance and any handling charges on top of the ex-showroom price.
Usually yes. Prepaying reduces the remaining interest, but check whether the lender charges a foreclosure fee.
No. It only lowers the monthly EMI. The total interest — and therefore the overall cost — rises with a longer tenure.