Car Loan EMI Calculator
What will your car loan really cost each month?
Standard reducing-balance EMI, the method every Indian bank and NBFC uses for car loans. The "value at loan end" card depreciates the loan amount (a proxy for the car's price) at the rate you set — it exists to show the gap between what you repay and what the car is worth by the time it's yours outright.
Tax: a car loan for personal use gives you no tax benefit — no deduction on interest or principal, in either regime. The exceptions: if the car is used for business or professional purposes, the interest and depreciation are deductible as business expenses; and the old §80EEB electric-vehicle interest deduction (up to ₹1.5L) applied only to EV loans sanctioned between April 2019 and March 2023, so it's unavailable for new loans. Compare against the US version of this calculator for how differently the two markets price money.