Calculators
Used Car Affordability Calculator
What price of used car you can afford from your monthly EMI budget and savings.
Updated 30 September 2026 · 8 lenders trackedFree calculator
Instant results
Reducing-balance maths, Indian formatsAbout this calculator
Start from the EMI you can comfortably pay and your savings. The calculator works out the loan, applies a funding cap (80% of price by default) and tells you the car price you can target.
Used Car Affordability Calculator
Keep aside beyond the down payment
- RC transfer and hypothecation fees (state-specific)
- Insurance transfer or a new policy, plus NCB recovery
- Immediate service, tyres, battery
- Pending challans (should be cleared by the seller)
- An emergency repair buffer — used cars have no new-car warranty
EMI examples
| Loan amount | EMI @ 10.00% | EMI @ 12.00% | EMI @ 15.00% |
|---|---|---|---|
| ₹3,00,000 | ₹7,609 interest ₹65,221 | ₹7,900 interest ₹79,207 | ₹8,349 interest ₹1,00,763 |
| ₹5,00,000 | ₹12,681 interest ₹1,08,702 | ₹13,167 interest ₹1,32,012 | ₹13,915 interest ₹1,67,938 |
| ₹8,00,000 | ₹20,290 interest ₹1,73,923 | ₹21,067 interest ₹2,11,219 | ₹22,265 interest ₹2,68,701 |
Tenure 4 years, reducing-balance EMI.
Frequently asked questions
Should I use all my savings for the down payment?
No — keep money for transfer costs, insurance and early repairs; a slightly larger loan is better than no buffer.
For information and comparison only. Loan terms, rates and rules change — confirm with the lender and read the Key Facts Statement before borrowing.