# Auto Loan EMI – Calculate your car Loan

Calculating auto loan is easy if you use this free auto loan EMI calculator, use this free calculator and calculate your EMI’s.

## Auto Loan EMI – Calculator

Amount (Vehicle Price)

Down Payment

Annual Interest Rate (% )

Term/Period (months)

Monthly Payment

Total Interest Payment

Total Amount to Pay

**Formula Used:**

EMI = ( P × r × (1+r)

^{n}) / ((1+r)

^{n}− 1)

Where

EMI = Equated Monthly Installment

P = Loan Amount - Down payment

r = Annual Interest rate / 1200

n = Term (Period or no.of year or months for loan repayment.)