Auto Loan Calculator
Car loan EMI with down payment and loan-to-value.
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About this calculator
Auto loans are secured by the vehicle itself; a larger down payment cuts both EMI and total interest.
Formula
EMI = P×r(1+r)^n/((1+r)^n−1), P = price − down payment
Frequently Asked Questions
What down payment is typical?
Banks usually ask 10–20% for cars; higher down payment improves approval odds and lowers EMI.