⌖ Loans & Installments
Auto Loan Calculator.
Vehicle financing EMI and total cost of ownership.
⌖ Inputs
⌖ Result
Monthly EMI
₹12,601
Across 60 months at 9.50% per annum.
Total interest payable
₹1,56,067
Total amount payable
₹7,56,067
Interest as % of total
20.6%
⌖ Year-wise schedule
Year
Principal
Interest
Balance
01
98,426
52,788
5,01,574
02
1,08,194
43,019
3,93,380
03
1,18,932
32,281
2,74,447
04
1,30,736
20,477
1,43,711
05
1,43,711
7,502
0
⌖ §I / Formula
The math,
in the open.
The standard amortisation formula keeps your monthly outgo constant while the split between principal and interest shifts over time — interest-heavy at the start, principal-heavy near the end.
EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1)
Where P is the principal, r is the monthly interest rate (annual rate ÷ 12 ÷ 100), and n is the tenure in months. Total interest paid over the life of the loan equals EMI × n − P.