DriveU Car Cost and EMI

The car

Brand

Model

Fuel

Ex-showroom price

₹

City

Down payment

Interest rate (per year)

Loan period

What a bank is likely to lend on your income, and which cars fit

Take-home pay a month

₹

Other EMIs a month

₹

Savings for the down payment

₹

Everything you spend, minus what you get back when you sell

Driving per month

Keep the car for

Parking, FASTag, washing and other (per month)

₹

See how much interest you save by paying early or moving to a lower rate

Amount still owed

₹

Months left

Current rate (%)

Prepayment charge (%)

How much of each year's EMIs goes to the loan and how much to interest

EMI, prepayment and loan eligibility use the standard reducing-balance formula. Eligibility is a guide; each bank decides using your credit score and documents. Banks may add a processing fee of about 0.5% of the loan.
On-road price includes road tax for your state, first-year comprehensive insurance, registration, number plates and FASTag. Cars over ₹10 lakh also pay 1% TCS, which you can claim back in your income tax return.
Cost of owning counts loan interest, fuel, insurance renewals, servicing and other costs, plus the value the car loses by the time you sell it.
Prototype: car prices, tax rates, fuel prices and resale values are sample figures.