Car Loan Calculator

Calculate monthly payments, total interest, and repayment plan for your car loan

Car Price ($)

Down Payment ($)

Down Payment Rate: 30%

Loan Term

Annual Interest Rate (%)

Other Fees ($)

Car Price: Total cost of the vehicle

Down Payment: Initial payment made when purchasing the car

Loan Term: Total repayment period

Annual Interest Rate: Loan interest rate from the bank or lender

Other Fees: Insurance, service fees, taxes, etc.

• Down Payment Rate: Recommended not less than 30%

• Monthly Payment Ratio: Should not exceed 30% of your monthly income

• Loan Term: 3–5 years is generally suitable

• Interest Rate Comparison: Compare offers from multiple banks

• Early Repayment: Review early repayment terms

• Vehicle Purchase Tax (about 10% of car price)

• Compulsory Insurance (about $950/year)

• Commercial Insurance (about 3–5% of car price)

• License Plate Fee (about $500–$1000)

• Loan Processing Fee (about 1–3% of loan amount)

• Bank Loan: Low interest, strict approval

• Auto Finance: Fast approval, slightly higher rates

• Credit Card Installments: Simple procedure, higher fees

• Leasing: Low threshold, higher overall cost