Calculate your car loan EMI on the complete on-road price including RTO registration and insurance. Model down payment scenarios and compare total ownership cost.
Unlike home loans, car loans are secured against the vehicle. Banks typically offer 80%–90% Loan-to-Value (LTV) on on-road price, not ex-showroom price. The on-road price includes RTO registration charges (varies by state: 4%–20% of ex-showroom), comprehensive insurance (first year), and accessories.
A new car depreciates ~15%–20% in year 1 and ~10%–15% per year thereafter. This creates negative equity — your outstanding loan may exceed the car's resale value in early years. Always pay adequate down payment (20%+) to avoid being underwater on the loan.