WeVividWeVividCalculate monthly payments on a car loan.
| Year | Principal paid | Interest paid | Balance left |
|---|---|---|---|
| 1 | ₹1,31,234 | ₹70,383 | ₹6,68,766 |
| 2 | ₹1,44,259 | ₹57,359 | ₹5,24,506 |
| 3 | ₹1,58,576 | ₹43,041 | ₹3,65,930 |
| 4 | ₹1,74,315 | ₹27,303 | ₹1,91,615 |
| 5 | ₹1,91,615 | ₹10,003 | ₹0 |
Using the standard reducing-balance EMI formula: payment = P × r × (1+r)^n / ((1+r)^n − 1), where P is the amount financed, r is the monthly interest rate and n is the loan term in months.
Enter only the amount you're financing — the car's price minus your down payment and any trade-in value.
No, this calculates the loan principal-and-interest payment only. Add insurance, registration and other on-road costs separately.