Car Loan Calculator
Free car loan calculator. Get instant results — no signup, no account. Plan and compare with confidence.
Use the Car Loan Calculator below.
Calculate your car loan EMI and total interest. See monthly payment and total cost for your auto loan. Free car loan calculator for USA and international users.
How to use Car Loan Calculator
Enter loan amount
Input the amount you need to borrow (vehicle price minus down payment).
Enter rate and tenure
Enter annual interest rate and loan term in months or years.
View results
See monthly EMI, total interest, and total repayment.
Features
- Instant results — no waiting or signup.
- Free to use — no hidden fees.
- No login or account required.
- Works on all devices — desktop, tablet, and mobile.
- Your data stays private — we do not store your inputs.
Why use this calculator
- Plan your finances with accurate estimates.
- Compare scenarios in seconds.
- Make informed decisions before you borrow or invest.
Supported browsers and devices
- All modern browsers (Chrome, Firefox, Safari, Edge).
- Mobile-friendly — use on phone or tablet.
- No app download — runs in your browser.
Frequently asked questions
Complete guide to Car Loan Calculator
What is a car loan calculator?
A car loan calculator helps you estimate your monthly payment (EMI) for an auto loan based on the loan amount, interest rate, and tenure. Enter the principal (after down payment), the annual rate, and the term in months or years. The calculator shows your EMI, total interest, and total amount payable so you can compare offers and budget before buying.
Typical car loan rates and terms
| Lender type | Typical APR | Common term |
|---|---|---|
| Banks / credit unions | 6% – 10% | 3 – 7 years |
| Dealer financing | 4% – 12% | 3 – 6 years |
| Subprime | 12% – 24% | 2 – 5 years |
Tips for a lower car loan cost
- Put down at least 10–20% to reduce principal and often get a better rate.
- Improve your credit score before applying; it directly affects the rate.
- Compare rates from banks, credit unions, and dealer offers.
- Shorter terms mean higher EMI but less total interest.
- Avoid stretching the term beyond 5–6 years; you may owe more than the car is worth.
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Disclaimer
Our financial calculators are for informational and educational purposes only. Results are estimates based on the inputs you provide and standard formulas. They are not financial, tax, or legal advice. We do not store or share the numbers you enter.