EMI Calculator for Car & Bike Loans
By the Bharat Auto Insights Editorial Team · Last reviewed 17 October 2026
Enter the on-road price, your down payment, the interest rate offered and the loan tenure to see your estimated monthly EMI and the total interest you will pay.
Monthly EMI
₹13,285
Total interest
₹1,57,121
Loan amount
₹6,40,000
Estimate only. Not a loan offer.
How EMI is calculated
EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1), where P is the loan amount, r is the monthly interest rate and n is the number of months. This calculator assumes a fixed rate and monthly reducing balance; your lender's figures may differ slightly because of fees or rounding.
Tips
- A larger down payment reduces both EMI and total interest.
- Longer tenures lower the EMI but cost more overall.
- Ask for processing fees and prepayment charges in writing.
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