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Free EMI Calculator

Calculate Your EV Loan EMI
in Seconds

India's most accurate EV loan EMI calculator. Supports all vehicle types, multiple banks, government subsidies and shows you exactly how much you save vs a petrol vehicle loan.

EV EMI Calculator

Select Vehicle Type
🚗eCarfrom 8.5%
🛵eScooterfrom 9.5%
🏍️eBikefrom 10%
🛺eAutofrom 9%
🚌eBusfrom 8%
🚛eTruckfrom 8.25%
Loan Amount ₹12,00,000
₹50K₹1 Cr
Interest Rate (p.a.) 8.5%
7%18%
Loan Tenure 48 months
6 mo84 mo
Down Payment 20% — ₹2,40,000
0%50%
Your Monthly EMI
₹22,450
For eCar at 8.5% p.a. · 48 months
₹9,60,000
Net Loan (after down payment & subsidy)
₹2,83,600
Total Interest Payable
₹12,43,600
Total Repayment Amount
₹14,83,600
Total Cost (incl. down payment)
77% Principal (₹9,60,000)
23% Interest (₹2,83,600)
You save approx. ₹71,000 vs equivalent petrol car loan
EV loans are 2–2.5% cheaper + zero processing fee in most cases
Apply for EV Loan — Free, 30-Min Approval

Yearly Amortisation Schedule

Principal vs Interest breakdown per year
YearOpening BalancePrincipal PaidInterest PaidClosing Balance

Bank EMI Comparison for your loan amount & tenure

Bank / NBFCInterest RateMonthly EMITotal InterestProcessing Fee
*Rates are indicative. Actual rates depend on your credit profile, employment and lender policies. Apply to get your personalised rate.