However, the EMI amount can change based on the loan amount, loan tenure and interest rate. Before availing a car loan, you must use a car loan EMI calculator. This can be done simply by entering your loan amount, interest rate and period. Once these details are entered, a car loan EMI calculator gives an accurate number as your monthly EMI. This helps you plan the repayment of your car loan in advance. Not only can you compare different car loan options, but you’ll also get a better idea of your borrowing potential when it comes to applying for a car loan. From here, you can also enter different interest rates to compare your options if you’re currently shopping around. Then, you’ll see what your estimated monthly repayments will be. Such information and the resultant data is provided only for user's convenience and information purposes. The use of any information set out is entirely at the User's own risk. ICICI Bank does not undertake any liability or responsibility to update any data. No claim (whether in contract, tort or otherwise) shall arise out of or in connection with the services against ICICI Bank. Use our handy Car Loan Calculator to estimate what your car loan interest rate and repayments could be. Our Car Loan can help you purchase a car, caravan or motorbike under 7 years old. After the new car smell is nothing more than a faded memory, monthly payments, insurance premiums, regular maintenance and fuel expenses demand attention. However, if the ground work is laid in advance of long-overdue road trips, the romance can last into a vehicle's old age or resale. You will get EMI as soon as you enter the required loan amount and the interest rate. Installment in EMI calculator is calculated on reducing balance.