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🏠Home Loan EMIFrom 7.50% · 30yr tenure 💳Personal Loan EMIFrom 10.85% · No collateral 🚗Car Loan EMIFrom 8.50% · New & used 🏍Bike Loan EMIFrom 9.00% · 2-wheelers 🎓Education Loan EMIFrom 7.00% · India & abroad 🏢Business Loan EMIFrom 10.00% · MSME loans
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Home › Car Loan EMI Calculator

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Car Loan EMI Calculator
India 2026

Calculate your car loan EMI for any new or used vehicle. Compare rates from top banks. Instant results with full amortisation.

✓ Rates from 8.50% p.a.✓ Up to 8 years tenure✓ New & used cars
🧮 Car Loan EMI Calculator
₹
₹800000
%
9.25% p.a.
Years
5 Years
₹
Added to total cost

Car Loan EMI Calculator Rates — June 2026

LenderMin RateMax RateApply
SBI Car Loan8.65%10.45%Apply ↗
HDFC Bank8.75%11.50%Apply ↗
ICICI Bank9.00%12.00%Apply ↗
Axis Bank9.25%13.50%Apply ↗
Bank of Baroda8.65%10.65%Apply ↗

New Car vs Used Car Loan — What You Need to Know

Car loans for new vehicles typically come at lower interest rates (8.50–10%) compared to used car loans (12–18%). Banks finance up to 85–90% of the on-road price for new cars and 70–80% of the valuation for used cars. Your loan tenure for a new car can go up to 8 years.

💡 Use our loan eligibility calculator to check how much you can borrow based on your income and existing EMIs.

Other Loan Calculators

🏠
Home Loan EMI
From 7.50% p.a.
💳
Personal Loan EMI
From 10.85% p.a.
🚗
Car Loan EMI
From 8.50% p.a.
🎓
Education Loan EMI
From 7.00% p.a.
✅
Loan Eligibility
Check instantly
📊
Rate Guide India
All bank rates