Car Loan Calculator
Calculate your monthly car loan EMI and plan your vehicle purchase wisely.
Monthly Car Loan EMI
$0
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What is a Car Loan?
A car loan helps you purchase a new or used vehicle by paying a fixed monthly EMI. The EMI consists of both principal repayment and interest charged by the lender.
How Car Loan EMI is Calculated
EMI is calculated using the formula:
EMI = P × r × (1 + r)n / [(1 + r)n − 1]
Why Use CalHub Car Loan Calculator?
- Instant and accurate EMI calculation
- Helpful for budget planning
- No signup required
- Free and secure
Frequently Asked Questions
Yes, this calculator works for both new and used car loans.
Yes, a higher down payment reduces loan amount and monthly EMI.
Car loans usually have fixed interest rates.
Yes, it uses the standard EMI calculation method used by banks.
No, CalHub does not store or track any personal data.