# Car Loan EMI Calculator

Share

Select currency
Loan Amount
Rate of Interest(p.a)
%
Time Period(years)
year
Monthly EMI - 0
Loan AmountInterestTotal Amount
4,50,000 0 0

A car loan EMI (Equated Monthly Installment) refers to the fixed amount of money that a borrower pays each month to repay a car loan. This EMI includes both the principal amount and the interest charged by the lender. The calculation of the EMI for a car loan is based on several factors, including the loan amount, the interest rate, and the loan tenure. Generally, a longer loan tenure results in a lower EMI, but also increases the total interest paid over the loan's duration. To calculate the EMI for a car loan, you can use an online EMI calculator, which takes into account the loan amount, interest rate, and loan tenure to determine the monthly installment. It's important to note that the actual EMI may vary slightly due to rounding off and other factors.

#### Car loan EMI Calculator - FAQ

What is Car Loan EMI?

Car Loan EMI (Equated Monthly Installment) is the fixed amount of money that a borrower pays to the lender every month to repay their bike loan. It consists of both the principal amount and interest.