Auto Loan Calculator
Estimate auto-loan payments, interest and repayment costs. Enter the vehicle price, down payment, interest rate and loan term to estimate your monthly payment and overall borrowing cost.
Enter the purchase price of the vehicle.
The amount paid upfront toward the vehicle.
Automatically calculated from vehicle price minus down payment.
Annual interest rate charged on the auto loan.
The number of years used to repay the auto loan.
Optional lender fee included in total borrowing cost.
Enter any number of additional regular EMIs you plan to pay each year.
Optional annual lump-sum payment toward the outstanding principal.
Auto loan analysis
The calculator estimates monthly payment, total interest and repayment cost. Extra EMI and annual prepayment options show how additional payments could shorten the loan.
Extra Payment Savings
Auto Loan Formula
P = Loan amount
r = Monthly interest rate = Annual rate ÷ 12 ÷ 100
n = Total number of monthly payments = Loan term × 12
Total Repayment = Monthly Payment × n
Total Interest = Total Repayment − Loan Amount
This calculator uses a standard amortizing-loan formula. Taxes, registration, insurance, dealer charges and other vehicle ownership costs are not included.
How to Use the Auto Loan Calculator
Enter the Vehicle Price
Enter the purchase price of the vehicle.
Enter the Down Payment
Enter the amount you will pay upfront. The remaining amount becomes the estimated loan amount.
Enter Rate and Term
Enter the annual interest rate and repayment period.
Review Extra Payments
Optionally enter extra EMIs or an annual prepayment to estimate time and interest savings.
Example Auto Loan Calculation
Vehicle price 1,200,000 with 200,000 down payment at 9% for 5 years
- Vehicle Price = 1,200,000
- Down Payment = 200,000
- Loan Amount = 1,000,000
- Annual Interest Rate = 9%
- Loan Term = 5 years
Estimated Monthly Payment ≈ 20,758.14
Estimated Total Interest ≈ 245,488.40.
Estimated Total Repayment ≈ 1,245,488.40.
Understanding Your Auto Loan Results
Monthly Payment
The estimated regular payment toward principal and interest.
Total Interest
The estimated interest paid over the scheduled loan term.
Total Repayment
The combined principal and interest paid over the loan.
Total Cost
Total repayment plus the processing fee entered in the calculator.
Key Auto Loan Terms
Principal
The amount financed for the vehicle before interest.
Interest Rate
The annual rate charged on the outstanding loan balance.
Loan Term
The period over which the auto loan is scheduled to be repaid.
Down Payment
An upfront payment that reduces the amount financed.
Prepayment
An additional payment toward the outstanding principal.
Processing Fee
A lender charge that can be included in the overall borrowing cost.