Enter the total price of the car.
Please enter a valid car price
Enter how much you will pay upfront (leave 0 if none).
Down payment cannot exceed car price
This is the amount you need to borrow from the bank.
Loan amount must be positive
Enter your bank's interest rate (e.g., 8%).
Please enter a valid interest rate
Enter the number of years to repay the loan (e.g., 5 years).
Loan tenure must be at least 1 month

Lump-Sum Prepayment (Optional)

Extra money you want to pay in one go during the loan.
When will you make this prepayment? (e.g., after 2.5 years)
Monthly EMI
$0.00
per month
Loan Amount
$0
Annual Interest Rate
0%
Total Interest Payable
$0
Total Payment
$0

Prepayment Impact

Original After Prepayment Savings
EMI $0.00 $0.00 $0.00
Tenure 0 months 0 months 0 months
Total Interest $0 $0 $0

Amortization Schedule

▼
Period EMI Principal Interest Remaining Principal

Payment Breakdown

Principal Over Time

What is a Car Loan Calculator?

A Car Loan Calculator is an online tool that helps you estimate your monthly car loan payments. By entering your car price, down payment, loan tenure, and interest rate, you can instantly know how much you will pay every month and the total repayment amount. This makes it easier to plan your car purchase.

How to Use the Car Loan Calculator?

Using this calculator is very simple. Just fill in the fields as explained below:

  • Car Price ($): Enter the total price of the car you want to buy.

  • Down Payment ($): Add the amount you will pay upfront. Leave it “0” if no down payment.

  • Loan Amount ($): This will be auto-calculated (Car Price – Down Payment).

  • Annual Interest Rate (%): Enter the bank’s or lender’s annual interest rate (e.g., 8%).

  • Loan Tenure: Select the number of years or months you want to repay the loan.

  • Payment Frequency: Choose how often you want to pay (e.g., Monthly).

  • Lump-Sum Prepayment (Optional): Enter any extra amount you want to pay during the loan.

  • Prepayment Time: Select when you will make the prepayment (e.g., after 2 or 2.5 years).

  • Prepayment Option: Choose whether to reduce loan tenure or reduce EMI while keeping tenure same.