EMI Calculator
Calculate your monthly EMI and plan your car purchase budget
Loan Details
₹
₹1 Lakh₹50 Lakh
%
5%20%
years
1 year10 years
EMI Breakdown
Monthly EMI
₹21,002
Principal Amount
₹10.0L
Total Interest
₹2.6L
Total Amount Payable
₹12.6 Lakh
Breakdown
Yearly Payment Breakdown
EMI Tips
Ways to Reduce EMI
- • Increase down payment amount
- • Choose longer tenure (increases total interest)
- • Negotiate for better interest rates
- • Consider pre-payment options
Things to Remember
- • EMI should not exceed 40% of monthly income
- • Factor in insurance and maintenance costs
- • Compare rates from multiple lenders
- • Read all terms and conditions carefully