Finance · Calculator
What will it
actually cost?
Plug in any car, change the down payment, drag the tenure. We compute reduce-balance EMI and surface live offers from your panel of 14 banks — instantly.
Inputs
On-road price
₹15.0L
₹3.0L₹3.00Cr
Down payment
20% of price
₹3.0L
₹0₹13.5L
Tenure (months)
60 mo · 5.0 yrs
12 mo · 1.0 yrs84 mo · 7.0 yrs
Interest rate (%)
Reducing balance
8.50%
6.50%15.00%
Monthly EMI
₹24,620
at 8.50% for 60 months
Principal financed
₹12.0L
Down payment
₹3.0L
Total interest
₹2.8L
Total payable
₹17.8L
Live · 14 partners
Same loan. Different lenders.
At ₹12.0L principal across 60 months — here's the EMI from every bank on our panel.
Lender
Best rate
EMI
Total interest
Plain English
What you're actually paying.
Equated Monthly Instalment — the part-principal, part-interest cheque you write every month.
01
What it is
Reducing-balance maths
Each EMI shrinks the principal. Next month's interest is computed on what's left — so your interest share falls every month.
02
What it isn't
Flat-rate quotes
If a dealer quotes 'flat 6%' that's roughly 11% reducing-balance. Always ask for the IRR.
03
What we add
Processing + insurance
Loan processing (0.4–1.5%), GAP cover, and the first year of zero-dep insurance can add ₹40–80K up front.