Car Loan EMI Calculator – Calculate Car Loan EMI Online | AU Small Finance Bank
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Car Loan EMI Calculator

My loan requirement is INR
50 lakhs
I’m looking for an interest rate of %
I can repay the loan in months (7.5 years)
6 months
84 months
Principal Amount: 5,00,000
Total Interest: 43,000
Total Amount Payable: 9,43,000

At a rate of: 18% pa
For a duration of: 1 years
Your Monthly EMI will be: 7,80,000

Car Loan EMI Calculator

    Today, owning a car is no more a far-fetched dream. With the easy availability of a Car Loan from AU Small Finance Bank, you can buy your dream vehicle without any hassle. But before that, it is necessary to know whether the Car Loan EMI fits your budget. For this, you can simply use our AU Car Loan EMI Calculator.

    AU Car Loan EMI Calculator is a free online tool that helps you determine the right Car Loan and the EMI amount instantly.

How to Use AU Small Finance Bank Car Loan EMI Calculator?

  • Using the AU Car Loan EMI Calculator is simple. You need to provide the following details:
    1. Loan amount
    2. Rate of interest
    3. Loan repayment tenure
  • You can use the slider to adjust & select the loan details to get the results in real-time
  • The loan details, like the principal amount, total interest, and monthly EMI, will appear on the right side of the calculator as you enter the details

Why Should You Use a Car Loan EMI Calculator?

  • Time-Saving

The calculations involved in determining EMI can be complex for many people. On the other hand, Car Loan EMI Calculator performs the calculations in real-time. Besides, the probability of error is significantly low compared to manual estimates.

  • Easy to Use

AU Car Loan Calculator has a user-friendly interface ensuring anyone can use it without any troubles.

  • Helps in Setting the Right Budget

Change the Car Loan amount and the loan tenure multiple times to see how it affects your EMI. As a result, it becomes easy to identify the right loan amount and plan your budget accordingly.




Q1. What does Car Loan EMI Mean?

Equated Monthly Instalment (EMI) is the monthly amount comprising the principal and interest charged on loan to be repaid by the borrower.
So, Car Loan EMI is simply the monthly repayment amount against the Car Loan. Your Car Loan EMI payment date, tenure, and amount are fixed at the beginning and remain the same for the entire loan tenure unless there is a change in interest rates, terms, or a default on the payment.

Q2. How Is Car Loan EMI Calculated?

Mathematically, here is the Car Loan EMI calculation formula

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


  • P is for the borrowed principal amount
  • N stands for the number of months in the tenure
  • R is the rate of interest

Q3. What Is Car Loan Amortization Schedule?

The amortization schedule shows the periodic loan repayment schedule of a Car Loan. Moreover, you can see the principal and interest component against each EMI payment, along with the remaining loan amount.

  • Using AU Car Loan Calculator online can help you know the amortization schedule of your Car Loan
  • The amortization schedule depends on factors like purchase price, loan term, interest rate & others
  • And as you can see, the interest component of the loan is higher initially, and it reduces towards the end

Q4. What Is the Method of Paying Car Loan EMI?

The post-dated cheques are the traditional repayment options. The lender encashes the cheques as per the dates and settles the borrower's EMI obligations with that amount. Today, the entire process is typically automated.

  • On the EMI payment date, the EMI amount is automatically debited from the borrower's Bank Account linked with the Car Loan through the Standing Instructions or NACH (National Automated Clearing House) mandate
  • However, you must ensure that the Bank Account linked with your Car Loan should have adequate funds to pay the EMI amount on the designated date
  • So, if your Car Loan EMI is INR 15,000 and the EMI date is the 5th of every month, ensure that your Bank Account has sufficient balance

Q5. Why Choose AU Small Finance Bank Car Loan?

AU Small Finance Bank’s Car Loan can be your best option to finance your dream car for multiple reasons.

  • Get attractive interest rates with low processing fees and no hidden charges
  • Existing customers can get Pre-approved Car Loan offers based on their profile
  • Flexible tenure options ranging from 6 months to 5 years
  • Car Loan is available for both New and Pre-Owned cars
  • Easily determine the right loan amount or repayment tenure using the Bank's Car Loan EMI Calculator online
  • Quick application and loan disbursement

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