Car Loan Calculator
Calculate car loan EMI, affordability, depreciation, and total ownership costs with advanced analytics
Car Loan Details
On-road price including all charges
20.0% of car price
Current car loan rates: 8.5% - 14%
Typical tenure: 3-7 years
Used for affordability analysis
Quick Presets
Car Loan Guide
🚗 Smart Car Buying
- • Research car value and depreciation
- • Compare loan rates from multiple lenders
- • Consider certified pre-owned options
- • Factor in insurance and maintenance
💰 Financial Planning
- • Keep total car expenses under 30% of income
- • Save 20-25% for down payment
- • Build emergency fund for repairs
- • Consider loan tenure vs interest cost
📊 Optimization Tips
- • Make prepayments to reduce interest
- • Choose shorter tenure if affordable
- • Avoid unnecessary add-ons
- • Track depreciation for resale timing
Car Loan Best Practices
✅ Before Taking Loan
- • Check credit score (750+ for better rates)
- • Compare offers from banks and dealers
- • Negotiate car price separately from loan
- • Read all terms and conditions
- • Calculate total cost of ownership
âš¡ During Loan Period
- • Pay EMIs on time to maintain credit score
- • Make prepayments when possible
- • Keep insurance updated and renewed
- • Maintain service records for resale
- • Monitor depreciation and market value