# Car Loan EMI Calculator

Instantly check your car loan EMI by using this flexible and online car Loan EMI Calculator. Simply enter your loan amount, desired tenure (in months) and rate of interest, or move the slider to the left or right to adjust the values. It’s quick, comfortable and transparent. Calculate and plan your borrowings and payments as per your requirements.

## EMI Calculator

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Total Principal Amount

Total Interest Payable

Total Payment

## Payment Schedule

*Note: The EMI amount is indicative and may vary depending upon the date of disbursal and period between the disbursal date and the first EMI date.

## Car Loan EMI Calculator

Calculate your EMIs for the new car loan using this flexible Car Loan EMI Calculator. Plan your loan amount and finances as per your needs.

## What is an EMI?

An EMI is a fixed monthly amount which you pay to the lender. As a borrower, you need to repay the loan using the EMI option. Through an EMI, you repay the principal amount as well as the interest rate. This is based on the outstanding loan amount as per the as per the amortization schedule.

## What is A Car Loan EMI Calculator?

When you take a car loan you need to be aware of the interest rate for the car loan. You can calculate the interest by using the car loan interest calculator. Once you know the interest rate and have decided the tenure, you can use the car EMI calculator to calculate the EMIs. Indiabulls Dhani offers you a competitive interest rate for the car loan. An EMI calculator is similar to a car loan interest calculator.

To use the car loan EMI calculator, you need to select the loan amount, tenure and interest rate. Once you feed this data, the calculator gives you a result which is an approximate amount of your EMI.

You can use the slider to enter these details. Once you feed the information, the calculators give you an approximate amount of your monthly EMIs.

## How Is Car Loan EMI Calculated?

A Car Loan EMI calculator calculates your EMI using the following formula.

E= [P x R x (1+R)^N]/[(1+R)^N-1] where

E stands for EMI

P- Principal Amount

R- Rate of Interest (Monthly)

N- Tenure (In Months)

## Advantages of EMI Calculator for Car Loan

A car loan emi calculator is easy to use and is accessible anywhere, anytime

There is no place for human error as the tool is completely automated

You do not have to manually calculate the car emi using a tedious formula

You get results on the spot

##### Terms you should know:
• EMI: EMI stands for “Equated Monthly Installment”. It refers to the amount you have to pay permonth if you take a personal loan of a certain amount for a certain period.

• EMI Calculator: The EMI calculator helps you to calculate your monthly installments on the personal loan that you may avail from a personal loans provider.

• This calculation depends on the personal loan amount, the personal loan rate of interest and the personal loan term or tenure.