Smart Automotive Calculators
Accurate, real-time financial decision tools designed for Indian vehicle buyers. Estimate your monthly fuel savings when switching to electric mobility and budget vehicle loan EMIs.
EV vs Petrol Running Cost
Adjust parameters below to see your personalized monthly & 5-year savings.
Saved every month compared to a petrol vehicle
Environmental Impact
By driving 1,200 km per month in an EV, you eliminate approximately 2,304 kg of direct tailpipe CO₂ emissions per year.
Car & Bike Loan EMI Calculator
Calculate monthly loan installments and total interest payable across bank tenures.
Equated Monthly Installment (EMI)
Finance Advisory Tip
Banks in India offer car loan interest rates between 8.5% and 10.5% depending on your CIBIL score.
Making a higher down payment (25–30%) reduces your total interest burden and lowers overall risk of depreciation.
Frequently Asked Questions
How much can I save by switching from a petrol car to an EV in India?
Running an electric vehicle in India typically costs between ₹1.00 to ₹1.50 per km, compared to ₹6.00 to ₹8.50 per km for a petrol car (assuming petrol at ~₹95/L and mileage of 14–16 kmpl). If you drive 1,200 km per month, you can save approximately ₹60,000 to ₹80,000 annually in fuel alone.
What is the formula for calculating vehicle loan EMI?
Vehicle EMI is calculated using the standard reducing balance formula: EMI = [P x R x (1+R)^N] / [(1+R)^N - 1], where P is Principal Loan Amount, R is monthly interest rate, and N is the total number of monthly installments.
What is an ideal down payment percentage for a new car or bike?
Financial advisors generally recommend the 20/4/10 rule: put down at least 20% as a down payment, keep the loan tenure to a maximum of 4 years, and ensure total vehicle expenses (EMI + insurance + fuel) do not exceed 10% of your gross monthly income.
About Rohit Sharma
AuthorRohit Sharma is the founder and developer of Auto Journal. Based in Samastipur, Bihar, India, he writes detailed vehicle reviews, buying guides, and auto news.