Car Loan Calculator
Calculate your monthly car loan payment, total interest and total cost with the standard EMI formula. — free, fast and private.
Example: $30,000 car, $5,000 down, 7% for 5 years → monthly payment about $495, total interest about $4,700.
How to use Car Loan Calculator
- Enter the car price and your down payment.
- Enter the annual interest rate.
- Enter the loan term in years.
- Click Calculate to see your monthly payment, total interest and total cost.
Note: this tool runs in your browser. Nothing is uploaded.
Frequently Asked Questions
What is the car loan EMI formula?
EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), where P is the amount financed, r is the monthly rate and n is the number of monthly payments.
How does a down payment change my EMI?
A bigger down payment reduces the amount financed, which lowers both your monthly payment and the total interest you pay.
What loan term is best for a car?
Shorter terms (3–4 years) cost less interest overall; longer terms (5–7 years) lower the monthly payment but cost more in total.
Is my data uploaded anywhere?
No. All calculations run in your browser and your numbers are never sent to a server.