Principal
Interest
Monthly EMI ₹0
Loan amount ₹0
Total interest ₹0
Total payment ₹0
Amortization schedule (year by year)
About car loans
Car loans usually run for 3 to 7 years at rates around 9-12%, a bit higher than home loans. Since a car loses value each year, a shorter tenure is often smarter — you pay far less total interest and avoid owing more than the car is worth.
FAQs
Usually 3 to 7 years. Shorter tenure means a higher EMI but much less total interest.
Around 10-20% of the on-road price, since lenders finance 80-90%. More upfront lowers your EMI and interest.
Not for a personal car. Business or self-employed users may claim interest and depreciation as a business expense.