Auto Loan EMI Calculator

Amount (Vehicle Price)
Down Payment
Annual Interest Rate %
Term/Period months
Monthly Payment
Total Interest Payment
Total Amount to Pay

Equated Monthly Installment(EMI) Formula:

EMI = ( P × r × (1+r)n ) / ((1+r)n − 1)


P = Loan Amount - Down payment

EMI = Equated Monthly Installment

n = Term (Period or no.of year or months for loan repayment.)

r = Annual Interest rate / 1200 provides you helpful and handy calculator resources.