Plan your car loan monthly payment and compare lenders using the same borrowing amount and tenure.
Verify rates before you decide. Rates shown are indicative and may change or vary by tenure, amount, age, credit profile and eligibility. Check the latest rate, fees and terms on the bank or lender’s official website or directly with its branch before applying or investing.
Lower advertised rates may require specific eligibility or an intermediary application. Calculations are estimates, not lender offers.
Enter or select an interest rate to calculate.
See published rates and estimated repayment costs for up to three lenders side by side.
Compare car loan ratesMonthly reducing balance. Fees and rate changes excluded.
Verify rates before you decide. Rates shown are indicative and may change or vary by tenure, amount, age, credit profile and eligibility. Check the latest rate, fees and terms on the bank or lender’s official website or directly with its branch before applying or investing.
Use the amount you expect to borrow after your down payment. The car loan EMI calculator estimates monthly repayments on that principal; it does not calculate the lender’s financing limit or down payment requirement.
A longer repayment period generally reduces EMI while increasing total interest at the same rate. Compare the total borrowing cost as well as whether the monthly payment fits your budget.
Vehicle age, model, new or used status, credit profile and lender rules can affect eligibility and interest. The published record may have qualifying notes; verify that the offer applies to your vehicle.
Processing charges, insurance arrangements and foreclosure terms can affect the overall cost. Our EMI estimate excludes these charges and assumes a constant annual interest rate.
Yes. Select up to three lenders after entering one loan amount and tenure. Compare annual rates, EMI, total interest and total repayment side by side.
No. It uses monthly reducing balance. If your lender quotes a flat rate, ask for the reducing-balance equivalent and repayment schedule before comparing.
You can enter the quoted annual reducing-balance rate in the custom-rate calculator. Confirm that any database rate you choose applies to used vehicles.
Read our calculation and rate methodology · Financial disclaimer · Report a rate correction