On-road price to EMI in seconds — with down payment slider, LTV ratio, and true total cost
On-Road Price
₹
Down Payment
20%
₹
Loan-to-Value (LTV)80%
₹
Interest Rate
9.5%
Loan Tenure
Loan tenure
Processing Fee
%
Monthly EMI
₹0
enter car details above
Loan Amount
₹0
Total Interest
₹0
Processing Fee
₹0
True Total Cost
₹0
True Total Cost
₹0
on-road + interest + fee
Cost Premium
0%
extra over on-road price
LTV Ratio
0%
loan as % of on-road price
₹0
True Cost
Down Payment
₹0
Loan Principal
₹0
Total Interest
₹0
Processing Fee
₹0
Optional: Cost Per Km
km/yr
Year-by-Year Amortization
Year
Principal Paid
Interest Paid
Total Paid
Outstanding
ⓘ EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1) on reducing balance. True total cost = down payment + loan principal + total interest + processing fee. LTV = loan ÷ on-road price. Actual rates vary by lender and credit profile.
★ Premium Car Loan Report — ₹99
Monthly EMI
—
True Total Cost
—
Total Interest
—
Cost Premium
—
3-page dark PDF — EMI summary, donut chart, year-by-year amortization
Instant download · Secured by Razorpay · Trusted by 10,000+ users
Frequently Asked Questions
What is the EMI for a ₹10 lakh car loan? +
For ₹10L car loan: at 9% for 5 yrs, EMI ≈ ₹20,758/mo. At 10% for 5 yrs, EMI ≈ ₹21,247/mo. Set ₹10L on-road with ₹0 down (or use the price + down payment fields) to get your exact number instantly.
How much down payment do I need for a car loan? +
Banks typically finance 80–90% of on-road price. Minimum down payment is usually 10%. Paying 20–30% down reduces EMI and total interest significantly. A higher down payment also improves your LTV ratio, which can help you get a lower interest rate. Use the slider above to see how your EMI changes.
What is LTV ratio in car loans? +
LTV (Loan-to-Value) = loan amount ÷ on-road price. Most banks cap car loan LTV at 85–90%. If you buy a ₹10L car with ₹2L down, loan = ₹8L, LTV = 80%. Higher LTV means higher risk for the lender, potentially a higher rate. Keeping LTV below 80% gets you the best offers.
Should I take a 5-year or 7-year car loan? +
5-year loans cost less overall. 7-year loans lower your EMI by ~15% but increase total interest by ~30–35% and risk negative equity as cars depreciate fast. With a 7-year loan you may owe more than the resale value for the first 3–4 years. Unless cash flow is very tight, 5 years is generally the smarter choice for car loans.