Car Loan Calculator
Work out your car loan EMI, total interest and monthly payments before you buy your next vehicle.
Enter your figures
Result
Monthly EMI
$518.96
Amortization schedule
| # | Interest | Principal | Balance |
|---|---|---|---|
| 1 | $187.50 | $331.46 | $24,668.54 |
| 2 | $185.01 | $333.94 | $24,334.60 |
| 3 | $182.51 | $336.45 | $23,998.15 |
| 4 | $179.99 | $338.97 | $23,659.17 |
| 5 | $177.44 | $341.52 | $23,317.66 |
| 6 | $174.88 | $344.08 | $22,973.58 |
| 7 | $172.30 | $346.66 | $22,626.93 |
| 8 | $169.70 | $349.26 | $22,277.67 |
| 9 | $167.08 | $351.88 | $21,925.79 |
| 10 | $164.44 | $354.52 | $21,571.28 |
| 11 | $161.78 | $357.17 | $21,214.10 |
| 12 | $159.11 | $359.85 | $20,854.25 |
Work out the monthly EMI on a car loan before you sign. Enter the loan amount, interest rate and tenure to see your payment, total interest and a month-by-month amortization schedule.
Formula
EMI = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1) — principal P, monthly rate r and number of months n.
Example
A $25,000 car loan at 9% over 5 years is about $519/month, with around $6,140 total interest.
Frequently asked questions
Should I include the down payment?
Enter only the financed amount (vehicle price minus your down payment and trade-in). That is the loan principal the EMI is based on.
This calculator is for general information only and is not financial, tax or legal advice. Always confirm figures and applicable rates for your situation.
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