Car Loan Down Payment Calculator — How Much to Pay Upfront
For a ₹12 lakh car with 20% down payment (₹2.4 lakh), loan amount is ₹9.6 lakh. At 9% for 5 years: EMI ₹19,928. With 10% down (₹1.2 lakh), loan is ₹10.8 lakh and EMI jumps to ₹22,418 — ₹2,490 more per month.
Monthly EMI
₹16,607
Total Interest
₹1,96,401
Total Payment
₹9,96,401
Car loan rates typically range 8.5%–12% p.a. depending on lender, credit score, and car type. Down payment (10–20%) reduces loan amount and total interest significantly.
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Calculated with CalcHub