Calculate Vehicle Loan
Calculate vehicle loan payments, EMI, interest, APR, and payoff schedules
Vehicle Loan Payment & EMI Calculator
Common: 36, 48, 60, 72, 84 months
Summary
Payment Schedule
| Month | Date | Principal | Interest | Cum. Interest | Total | Balance |
|---|---|---|---|---|---|---|
| 1 | December 1, 2025 | $429.98 | $150.00 | $150.00 | $579.98 | $29,570.02 |
| 2 | January 1, 2026 | $432.13 | $147.85 | $297.85 | $579.98 | $29,137.88 |
| 3 | February 1, 2026 | $434.29 | $145.69 | $443.54 | $579.98 | $28,703.59 |
| 4 | March 1, 2026 | $436.47 | $143.52 | $587.06 | $579.98 | $28,267.12 |
| 5 | April 1, 2026 | $438.65 | $141.34 | $728.39 | $579.98 | $27,828.47 |
| 6 | May 1, 2026 | $440.84 | $139.14 | $867.54 | $579.98 | $27,387.63 |
| 7 | June 1, 2026 | $443.05 | $136.94 | $1,004.47 | $579.98 | $26,944.59 |
| 8 | July 1, 2026 | $445.26 | $134.72 | $1,139.20 | $579.98 | $26,499.32 |
| 9 | August 1, 2026 | $447.49 | $132.50 | $1,271.69 | $579.98 | $26,051.84 |
| 10 | September 1, 2026 | $449.72 | $130.26 | $1,401.95 | $579.98 | $25,602.11 |
| 11 | October 1, 2026 | $451.97 | $128.01 | $1,529.96 | $579.98 | $25,150.14 |
| 12 | November 1, 2026 | $454.23 | $125.75 | $1,655.71 | $579.98 | $24,695.90 |
| 13 | December 1, 2026 | $456.50 | $123.48 | $1,779.19 | $579.98 | $24,239.40 |
| 14 | January 1, 2027 | $458.79 | $121.20 | $1,900.39 | $579.98 | $23,780.61 |
| 15 | February 1, 2027 | $461.08 | $118.90 | $2,019.29 | $579.98 | $23,319.53 |
| 16 | March 1, 2027 | $463.39 | $116.60 | $2,135.89 | $579.98 | $22,856.15 |
| 17 | April 1, 2027 | $465.70 | $114.28 | $2,250.17 | $579.98 | $22,390.44 |
| 18 | May 1, 2027 | $468.03 | $111.95 | $2,362.12 | $579.98 | $21,922.41 |
| 19 | June 1, 2027 | $470.37 | $109.61 | $2,471.74 | $579.98 | $21,452.04 |
| 20 | July 1, 2027 | $472.72 | $107.26 | $2,579.00 | $579.98 | $20,979.32 |
| 21 | August 1, 2027 | $475.09 | $104.90 | $2,683.89 | $579.98 | $20,504.23 |
| 22 | September 1, 2027 | $477.46 | $102.52 | $2,786.41 | $579.98 | $20,026.76 |
| 23 | October 1, 2027 | $479.85 | $100.13 | $2,886.55 | $579.98 | $19,546.91 |
| 24 | November 1, 2027 | $482.25 | $97.73 | $2,984.28 | $579.98 | $19,064.66 |
| 25 | December 1, 2027 | $484.66 | $95.32 | $3,079.61 | $579.98 | $18,580.00 |
| 26 | January 1, 2028 | $487.08 | $92.90 | $3,172.51 | $579.98 | $18,092.92 |
| 27 | February 1, 2028 | $489.52 | $90.46 | $3,262.97 | $579.98 | $17,603.40 |
| 28 | March 1, 2028 | $491.97 | $88.02 | $3,350.99 | $579.98 | $17,111.43 |
| 29 | April 1, 2028 | $494.43 | $85.56 | $3,436.54 | $579.98 | $16,617.01 |
| 30 | May 1, 2028 | $496.90 | $83.09 | $3,519.63 | $579.98 | $16,120.11 |
| 31 | June 1, 2028 | $499.38 | $80.60 | $3,600.23 | $579.98 | $15,620.72 |
| 32 | July 1, 2028 | $501.88 | $78.10 | $3,678.33 | $579.98 | $15,118.84 |
| 33 | August 1, 2028 | $504.39 | $75.59 | $3,753.93 | $579.98 | $14,614.45 |
| 34 | September 1, 2028 | $506.91 | $73.07 | $3,827.00 | $579.98 | $14,107.54 |
| 35 | October 1, 2028 | $509.45 | $70.54 | $3,897.54 | $579.98 | $13,598.10 |
| 36 | November 1, 2028 | $511.99 | $67.99 | $3,965.53 | $579.98 | $13,086.10 |
| 37 | December 1, 2028 | $514.55 | $65.43 | $4,030.96 | $579.98 | $12,571.55 |
| 38 | January 1, 2029 | $517.13 | $62.86 | $4,093.82 | $579.98 | $12,054.42 |
| 39 | February 1, 2029 | $519.71 | $60.27 | $4,154.09 | $579.98 | $11,534.71 |
| 40 | March 1, 2029 | $522.31 | $57.67 | $4,211.76 | $579.98 | $11,012.40 |
| 41 | April 1, 2029 | $524.92 | $55.06 | $4,266.82 | $579.98 | $10,487.48 |
| 42 | May 1, 2029 | $527.55 | $52.44 | $4,319.26 | $579.98 | $9,959.93 |
| 43 | June 1, 2029 | $530.18 | $49.80 | $4,369.06 | $579.98 | $9,429.75 |
| 44 | July 1, 2029 | $532.84 | $47.15 | $4,416.21 | $579.98 | $8,896.91 |
| 45 | August 1, 2029 | $535.50 | $44.48 | $4,460.69 | $579.98 | $8,361.41 |
| 46 | September 1, 2029 | $538.18 | $41.81 | $4,502.50 | $579.98 | $7,823.24 |
| 47 | October 1, 2029 | $540.87 | $39.12 | $4,541.62 | $579.98 | $7,282.37 |
| 48 | November 1, 2029 | $543.57 | $36.41 | $4,578.03 | $579.98 | $6,738.80 |
| 49 | December 1, 2029 | $546.29 | $33.69 | $4,611.72 | $579.98 | $6,192.51 |
| 50 | January 1, 2030 | $549.02 | $30.96 | $4,642.69 | $579.98 | $5,643.48 |
| 51 | February 1, 2030 | $551.77 | $28.22 | $4,670.90 | $579.98 | $5,091.72 |
| 52 | March 1, 2030 | $554.53 | $25.46 | $4,696.36 | $579.98 | $4,537.19 |
| 53 | April 1, 2030 | $557.30 | $22.69 | $4,719.05 | $579.98 | $3,979.89 |
| 54 | May 1, 2030 | $560.08 | $19.90 | $4,738.95 | $579.98 | $3,419.81 |
| 55 | June 1, 2030 | $562.89 | $17.10 | $4,756.05 | $579.98 | $2,856.92 |
| 56 | July 1, 2030 | $565.70 | $14.28 | $4,770.33 | $579.98 | $2,291.22 |
| 57 | August 1, 2030 | $568.53 | $11.46 | $4,781.79 | $579.98 | $1,722.70 |
| 58 | September 1, 2030 | $571.37 | $8.61 | $4,790.40 | $579.98 | $1,151.33 |
| 59 | October 1, 2030 | $574.23 | $5.76 | $4,796.16 | $579.98 | $577.10 |
| 60 | November 1, 2030 | $577.10 | $2.89 | $4,799.04 | $579.98 | $0.00 |
Calculate Vehicle Loan - Complete Guide
Whether you're planning to purchase a car, truck, motorcycle, or any other vehicle, calculating your vehicle loan payments, EMI, interest rates, and APR is essential for making informed financial decisions. Our comprehensive vehicle loan calculator helps you estimate monthly payments, calculate EMI, determine total interest costs, compute APR, and plan your loan payoff strategy. This tool is perfect for borrowers in Malaysia, India, Canada, Australia, USA, and worldwide.
What is a Vehicle Loan Calculator?
A vehicle loan calculator is a powerful financial tool that computes your monthly vehicle loan payment (EMI) based on key parameters: loan amount, annual interest rate, and loan term. It provides a clear breakdown of how much you'll pay each month, how much interest you'll accrue over the life of the loan, and shows a detailed amortization schedule. Our advanced calculator goes beyond basic calculations, offering features for APR calculation and payoff planning.
Calculate Vehicle Loan Payment & EMI
The most common use of a vehicle loan calculator is to determine your monthly payment or EMI (Equated Monthly Installment). Our calculator supports two repayment types:
- Equal Payment (EMI): Fixed monthly payment where the amount remains constant throughout the loan term. Early payments have more interest, later payments have more principal.
- Equal Principal: Fixed principal payment each month with decreasing interest payments. Your total monthly payment decreases over time.
To calculate vehicle loan payment, simply enter your loan amount, annual interest rate, and loan term. The calculator will instantly show your monthly payment, total interest, and complete payment schedule.
Calculate Vehicle Loan Interest
Understanding how much interest you'll pay over the life of your vehicle loan is crucial. Our calculator shows both the total interest and cumulative interest paid at each payment. This helps you see how interest accumulates over time and make informed decisions about loan terms and extra payments.
Interest is calculated using standard amortization formulas. For equal payment loans, the interest portion decreases each month while the principal portion increases. The calculator displays the cumulative interest paid, so you can see exactly how much interest you've paid at any point in your loan term.
Calculate Vehicle Loan APR
The Annual Percentage Rate (APR) represents the true cost of borrowing, including interest and fees. Our APR calculator helps you determine the actual rate when you know your loan amount, monthly payment, and loan term. This is especially useful when comparing loan offers from different lenders.
To calculate vehicle loan APR, enter your loan amount, monthly payment amount, loan term, and any fees or charges. The calculator will compute your APR, effective rate, total cost, and total interest. This gives you a complete picture of your loan's true cost.
Calculate Car Loan Repayments
Our calculator provides a detailed repayment schedule showing each payment throughout your loan term. This schedule includes:
- Principal payment for each month
- Interest payment for each month
- Cumulative interest paid
- Remaining balance after each payment
- Total payment amount
You can export this repayment schedule to CSV for your records or financial planning. The schedule helps you understand how your loan balance decreases over time and how payments are allocated between principal and interest.
Calculate Car Loan Payoff
Our payoff calculator helps you determine how quickly you can pay off your existing vehicle loan with extra payments. It shows your exact payoff date, how many months you'll save, total interest savings, and a detailed payment schedule.
You can calculate car loan payoff with monthly extra payments or a one-time lump sum payment. This is especially useful if you're considering making extra payments to reduce your loan term and save on interest. The calculator helps you visualize the financial benefits of paying off your loan ahead of schedule.
Calculate Car Loan Malaysia
Our calculator works perfectly for car loans in Malaysia, including hire purchase loans from banks like Maybank, Public Bank, CIMB, and others. Malaysian car loans typically use the equal payment (EMI) method, and our calculator accurately computes monthly payments, total interest, and repayment schedules.
When calculating car loan Malaysia, consider factors like:
- Interest rates typically range from 2.5% to 4.5% per annum
- Loan terms usually range from 3 to 9 years (36 to 108 months)
- Down payment requirements vary by lender and vehicle type
- Processing fees and other charges may apply
Calculate Car Loan Interest Rate
Understanding your car loan interest rate is essential for comparing different loan offers. Our calculator helps you see how different interest rates affect your monthly payment and total interest. Even a small difference in interest rate can result in significant savings over the life of the loan.
For example, on a $30,000 loan over 60 months, a 5% interest rate results in a $566 monthly payment and $3,968 total interest. At 7% interest, the monthly payment increases to $594 and total interest rises to $5,641 - a difference of $1,673 in total interest.
Calculate Car Loan Interest Paid
Our calculator shows both the total interest you'll pay over the entire loan term and the cumulative interest paid at each payment. This helps you understand how interest accumulates and see the impact of making extra payments.
The cumulative interest feature is particularly useful for tracking your progress and understanding how much interest you've already paid versus how much remains. This information can motivate you to make extra payments to reduce your total interest cost.
Understanding Loan Terms
Common vehicle loan terms include 36, 48, 60, 72, and 84 months. Shorter terms mean higher monthly payments but lower total interest. Longer terms mean lower monthly payments but higher total interest. Use our calculator to compare different terms and find the balance that works for your budget.
Tips for Vehicle Loans
- Improve your credit score before applying - better scores get better rates
- Shop around with multiple lenders - rates can vary significantly
- Consider the shortest term you can afford to minimize total interest
- Make a substantial down payment if possible
- Compare APR, not just interest rates, to understand true costs
- Consider making extra payments to reduce total interest
- Review the complete payment schedule before committing