Car Down Payment Calculator
Understand the real impact of your car down payment — compare how 10%, 20%, 30%, 40%, and 50% down payments affect your monthly EMI, total interest, and overall cost.
Car Details
At 20% Down Payment
₹2,00,000
Down Payment Comparison
| Down % | Down Amt | Loan Amt | Monthly EMI | Total Interest | Interest Saved |
|---|---|---|---|---|---|
| 10% | ₹1,00,000 | ₹9,00,000 | ₹18,683 | ₹2,20,951 | — |
| 20% | ₹2,00,000 | ₹8,00,000 | ₹16,607 | ₹1,96,401 | +₹24,550 |
| 30% | ₹3,00,000 | ₹7,00,000 | ₹14,531 | ₹1,71,851 | +₹49,100 |
| 40% | ₹4,00,000 | ₹6,00,000 | ₹12,455 | ₹1,47,301 | +₹73,650 |
| 50% | ₹5,00,000 | ₹5,00,000 | ₹10,379 | ₹1,22,751 | +₹98,200 |
Pro Tip: A Higher Down Payment Saves You More
Increasing from 10% to 30% down payment on a ₹10,00,000 car at 9% can save you ₹49,100 in total interest. A higher down payment also increases your loan eligibility.
Estimates only. Consult your bank for exact processing fees and loan conditions.
Why the Down Payment Matters
The down payment is the upfront amount you pay when buying a car. A higher down payment reduces the loan amount, which directly lowers your monthly EMI and the total interest paid over the loan life.
Banks generally finance 80–90% of the on-road price. This means you must arrange at least 10–20% as down payment. However, putting in more than the minimum (e.g., 30–40%) can save you a significant amount in interest over a 5–7 year tenure.