Calculate monthly car loan payments, total payment amount and create a detailed payment schedule for purchasing a car
Calculate monthly car loan payments, total payment amount and create a detailed payment schedule for purchasing a car
Enter parameters and click 'Calculate'
An online car loan calculator will help you accurately calculate all the parameters of a car loan: monthly payments, total payment amount, overpayment and overpayment percentage. The calculator takes into account the down payment, additional payments and supports two repayment schemes - annuity (equal payments) and differentiated (decreasing payments).
The car loan calculator provides many benefits for planning your car purchase:
To obtain a car loan, you must meet the following requirements:
Banks offer various car loan programs:
Special conditions for purchasing new cars with minimal rates
Financing the purchase of used cars with flexible terms
To choose the optimal car loan, follow our recommendations:
An online car loan calculator will help you accurately calculate all the parameters of a car loan: monthly payments, total payment amount, overpayment and overpayment percentage. The calculator takes into account the down payment, additional payments and supports two repayment schemes - annuity (equal payments) and differentiated (decreasing payments).
A car loan is a popular way to finance the purchase of a car. Knowing the exact parameters of the loan helps you choose the best offer from the bank, plan your budget and minimize overpayments. The calculator calculates a detailed payment schedule by month, broken down into interest and principal, which allows you to see the real cost of the loan and plan early repayment.
Let's look at practical examples of calculating a car loan for various conditions:
Car loan for a new car with a down payment, annuity payments
Входные данные:
Car cost: 1,500,000 ₽
Initial payment: 300,000 ₽
Term: 5 years (60 months)
Rate: 12% per annum
Payment type: Annuity
Additional payment: 0 ₽Расчёт:
Effective loan amount: 1,500,000 - 300,000 = 1,200,000 ₽
Monthly rate: 12% / 12 = 1%
Monthly payment: 1,200,000 × (0.01 × (1.01)^60) / ((1.01)^60 - 1) = 26,693 ₽
Total amount of payments: 26,693 × 60 = 1,601,580 ₽
Overpayment: 1,601,580 - 1,200,000 = 401,580 ₽ (33.5%)Результат:
Monthly payment: 26,693 ₽
Тип:
New car
With a down payment of 20% and a rate of 12%, the overpayment will be about 33% of the loan amount
Car loan for a used car without a down payment, differentiated payments
Входные данные:
Car cost: 800,000 ₽
Initial payment: 0 ₽
Duration: 4 years (48 months)
Rate: 15% per annum
Тип платежей: Дифференцированные
Additional payment: 0 ₽Расчёт:
Effective loan amount: 800,000 ₽
Principal debt per month: 800,000 / 48 = 16,667 ₽
First payment: 16,667 + (800,000 × 0.0125) = 26,667 ₽
Last payment: 16,667 + (16,667 × 0.0125) = 16,875 ₽
Total amount of payments: ~960,000 ₽
Overpayment: ~160,000 ₽ (20%)Результат:
First payment: 26,667 ₽, Last: 16,875 ₽
Тип:
Used car
Differentiated payments reduce overpayment compared to annuity payments at the same rate
Car loan for a premium car with additional payments
Входные данные:
Car cost: 3,500,000 ₽
Initial payment: 1,000,000 ₽
Duration: 7 years (84 months)
Rate: 11% per annum
Payment type: Annuity
Additional payment: 20,000 ₽/monthРасчёт:
Effective amount: 3,500,000 - 1,000,000 = 2,500,000 ₽
Basic payment: ~41,500 ₽/month
With additional payment: 41,500 + 20,000 = 61,500 ₽/month
Actual term: ~52 months
Total amount of payments: ~3,198,000 RUR
Overpayment: ~698,000 ₽ (27.9%)
Savings: ~350,000 ₽ from early repaymentРезультат:
Monthly payment: 61,500 ₽
Тип:
With early repayment
Early repayment significantly reduces overpayments and shortens the loan term
Short car loan for a budget car
Входные данные:
Car cost: 600,000 ₽
Initial payment: 150,000 ₽
Duration: 3 years (36 months)
Rate: 13% per annum
Payment type: Annuity
Additional payment: 0 ₽Расчёт:
Effective amount: 600,000 - 150,000 = 450,000 ₽
Monthly rate: 13% / 12 = 1.083%
Monthly payment: 450,000 × (0.01083 × (1.01083)^36) / ((1.01083)^36 - 1) = 15,168 ₽
Total amount of payments: 15,168 × 36 = 546,048 ₽
Overpayment: 546,048 - 450,000 = 96,048 ₽ (21.3%)Результат:
Monthly payment: 15,168 ₽
Тип:
Budget car
For a short period of time, the overpayment is relatively small even at a high rate
Car loan for a middle class car with differentiated payments
Входные данные:
Car cost: 2,000,000 ₽
Initial payment: 500,000 ₽
Term: 5 years (60 months)
Rate: 12% per annum
Type of payments: Differentiated
Additional payment: 0 ₽Расчёт:
Effective amount: 2,000,000 - 500,000 = 1,500,000 ₽
Principal debt per month: 1,500,000 / 60 = 25,000 ₽
First payment: 25,000 + (1,500,000 × 0.01) = 40,000 ₽
Last payment: 25,000 + (25,000 × 0.01) = 25,250 ₽
Total amount of payments: ~1,956,250 RUR
Overpayment: ~456,250 ₽ (30.4%)Результат:
First payment: 40,000 ₽, Last: 25,250 ₽
Тип:
Middle class
With differentiated payments, the overpayment is less than with annuity payments (~30% vs ~33%)
Car loan for an electric car with a down payment and additional payments
Входные данные:
Car cost: 4,000,000 ₽
Initial payment: 1,200,000 ₽ (30%)
Duration: 6 years (72 months)
Rate: 9.5% per annum (preferential)
Payment type: Annuity
Additional payment: 15,000 ₽/monthРасчёт:
Effective amount: 4,000,000 - 1,200,000 = 2,800,000 ₽
Basic payment: ~51,200 ₽/month
With additional payment: 51,200 + 15,000 = 66,200 ₽/month
Actual term: ~58 months
Total amount of payments: ~3,839,600 RUR
Overpayment: ~1,039,600 ₽ (37.1%)
Total cost: 1,200,000 + 3,839,600 = 5,039,600 RURРезультат:
Monthly payment: 66,200 ₽
Тип:
Electric car
Electric vehicles often have reduced rates and government subsidies
1 000 000 ₽ под 12%
20%
1 000 000 ₽ под 12%
33%
1 000 000 ₽ под 11%
46%
The calculation of a car loan is based on standard formulas of financial mathematics, taking into account the interest rate, loan term and repayment scheme.
Annuity payment = Amount × (Rate × (1+Rate)^Term) / ((1+Rate)^Term - 1)Differentiated payment = (Principal / Term) + (Balance × Rate)Overpayment = Total amount of payments - Loan amountEffective amount = Car cost - Down paymentThe car loan calculator provides many benefits for planning your car purchase:
Accurate calculation of all car loan parameters in a few seconds without complex calculations
Comparison of various bank offers to choose the most favorable interest rate
Budget planning for the purchase of a car, taking into account all payments and overpayments
Calculation of savings on early repayment and optimization of the payment schedule
To choose the optimal car loan, follow our recommendations:
Compare offers from different banks on interest rates, loan terms and conditions. Use the calculator to accurately compare overpayments
Consider increasing your down payment - this reduces your effective loan amount and the overpayment. A down payment of 20-30% is considered optimal
Plan to repay early to save on interest. Early repayment in the first years of the loan is especially effective. Regular additional payments reduce the term and overpayment
Consider the cost of mandatory CASCO insurance for a car loan - it can be 5-10% of the cost of the car annually. Add the cost of insurance to your monthly payment when planning your budget.
Choose between annuity and differentiated payments depending on your financial situation. Annuities are convenient for the budget, differentiated ones reduce overpayments
Consult financial professionals and read the contract carefully before signing. Check all hidden fees and early repayment conditions
A car loan is calculated using standard formulas: for annuity payments the annuity formula is used, for differentiated payments - a fixed principal plus interest on the balance. Use our calculator by entering the car price, down payment, term, interest rate and payment type.
The interest rate on a car loan depends on many factors: the loan amount (usually 9-18% per annum), the down payment (the larger the payment, the lower the rate), the loan term, the age of the car (the rate is lower for a new car), and the borrower’s credit history. The average rate is 11-14% per annum.
The monthly payment is calculated depending on the type: Annuity = Amount × (Rate × (1+Rate)^Term) / ((1+Rate)^Term - 1). Differentiated = (Principal / Term) + (Balance × Rate). Example: loan 1,200,000 ₽ for 5 years at 12%, annuity: payment = 26,693 ₽/month.
The overpayment on a car loan depends on the amount, term and rate. Examples: loan of 1,000,000 rubles for 3 years at 12% - overpayment ~200,000 rubles (20%). For 5 years at 12% - overpayment ~332,000 ₽ (33%). For 7 years at 11% - overpayment ~462,000 ₽ (46%). The longer the term and rate, the greater the overpayment.
A car loan with a down payment is more profitable: the effective loan amount is reduced, the interest rate is usually 1-3% lower, and the overpayment is less. A down payment of 20-30% is optimal. A loan without a down payment is possible, but the rate is 2-5% higher, CASCO is required, and the loan amount may be limited.
At the same rate, a differentiated payment is more profitable - the overpayment is 3-7% less. But the first payments are higher. An annuity is more convenient for the budget - the payment is the same throughout the entire period. Choose differentiated if you can afford larger down payments. Annuity - if you need a stable budget.
In case of early repayment, the schedule is recalculated: the debt balance is reduced and the interest is recalculated. Savings depend on the amount and period of early repayment. Example: loan 1,500,000 rubles, 5 years, 12%, early repayment of 200,000 rubles in a year saves ~180,000 rubles in interest. Use a calculator for an accurate calculation.
The optimal period depends on financial capabilities. Short term (3-4 years): less overpayment, but higher monthly payment. Average term (5 years): balance between payment and overpayment. Long term (6-7 years): lower payment, but higher overpayment. A period of 4-5 years is recommended, at which the overpayment is 30-35%.
For a new car: the rate is lower (9-12%), term up to 7 years, amount up to 100% of the cost, no examination required. For a used one: the rate is higher (12-18%), the term is up to 5 years, an examination is required, restrictions on age and mileage. A new car has a better rate, but is more expensive to buy.
The minimum down payment is usually 10-20% of the cost of the car. Optimal 20-30% - reduces the rate by 1-3% and the overpayment. Some banks require a minimum of 15-25% for used cars. The larger the down payment, the more favorable the loan terms.
Yes, CASCO is mandatory for car loans in most banks until the loan is fully repaid. This is protection of collateral (car) for the bank. The cost of CASCO is 5-10% of the cost of the car annually. Take this into account in your budget: if the car costs 1,500,000 rubles, CASCO will cost 75,000-150,000 rubles/year.
Ways to reduce overpayment: 1) Increase the down payment - reduces the loan amount. 2) Choose a shorter term - less interest. 3) Choose differentiated payments instead of annuity payments. 4) Find a loan with a lower rate. 5) Making early payments is most effective in the first years.
Basic documents: passport, income certificate (2-NDFL or according to the bank form), driver’s license, car documents (PTS, sales contract), CASCO insurance policy. Additionally, you may need: military ID (for men), property documents (to confirm solvency).
The maximum amount depends on the bank and the cost of the car. Usually 100% of the cost for a new car (up to 5-10 million rubles), 70-80% for a used one. Some banks give up to 95% of the cost of a new car and up to 85% of the cost of a used one. The limit also depends on the borrower’s income - the payment should not exceed 40-50% of income.
Overpayment percentage = (Overpayment / Loan amount) × 100%. Example: loan 1,000,000 ₽, overpayment 330,000 ₽, overpayment percentage = (330,000 / 1,000,000) × 100% = 33%. The overpayment is calculated as the total amount of payments minus the loan amount. The calculator automatically shows the percentage of overpayment.
A car loan is more profitable when planning long-term ownership - after repaying the loan, the car becomes completely yours. Leasing is more profitable for business (tax benefits) and when changing cars frequently. With a car loan, you are the owner from day one. When leasing - before purchasing. Compare both options using calculators.
Typically, a driver's license is required to obtain a car loan, as the bank checks the ability to drive a car. However, some banks may approve a loan if there is a possibility of control (for example, rights in the process of obtaining or control by another person). Check the conditions with your specific bank.
Maximum amount = Minimum of (Cost of car × Financing percentage) and (Income × Solvency ratio × Term). Example: car 2,000,000 ₽, financing 80%, income 100,000 ₽/month, coefficient 40%, term 5 years: Maximum = min(2,000,000 × 0.8; 100,000 × 0.4 × 60) = min(1,600,000; 2,400 000) = 1,600,000 ₽.
Choose the lowest available rate, but take into account all the conditions: hidden fees, mandatory services (insurance), the possibility of early repayment. A low rate with large fees may be worse than a high rate with no fees. Compare the effective interest rate (EIR) of different banks.
PSK is the real cost of the loan, taking into account all payments, including interest, commissions, and insurance. PSC is always higher than the interest rate. For example, at a rate of 12%, the PSC may be 15-18% due to commissions and CASCO. The bank is obliged to indicate the PSK in the agreement. Compare loans by PSC, not by interest rate.
Yes, refinancing a car loan is possible: you can get a new loan from another bank on more favorable terms to repay the old one. Refinancing conditions: the current loan must be repaid for at least 6-12 months, no arrears, the new rate must be at least 2% lower. Refinancing allows you to reduce your payment or overpayment.
The payment schedule is calculated by month, broken down into principal and interest. For annuities: the payment is constant, but the percentage of interest decreases. For differentiated ones: the principal debt is constant, interest decreases, the total payment decreases. The calculator automatically generates a schedule for the entire loan term. Can be downloaded in CSV format.
State support reduces the interest rate on car loans for certain categories (young families, large families, public sector employees). The preferential rate is usually 2-5% below the market rate. The calculation is similar to a regular car loan, but use a discounted rate. Example: regular rate 12%, preferential 9%, savings ~150,000 rubles on a loan of 1,500,000 rubles over 5 years.
With early repayment, the overpayment is reduced, since the interest accrual period is reduced. Savings = Interest that would not have accrued due to the shorter term. Example: loan 1,200,000 rubles, 5 years, 12%, early repayment of 300,000 rubles after 2 years saves ~200,000 rubles in interest and reduces the term by ~14 months. Use a calculator for an accurate calculation.
Car loan terms vary by bank. Large banks (Sberbank, VTB, Alfa-Bank, Raiffeisen) usually have competitive rates of 10-13% on new cars. Specialized auto loan programs of dealers can offer rates as low as 6.9%. Compare offers from at least 3-5 banks, use the calculator to accurately compare overpayments.
Grace period is a period without payments at the beginning of the loan. Usually 1-3 months. With deferred settlement, interest accrues over the deferment period and is added to the loan amount. Example: loan 1,500,000 ₽, deferment 2 months, rate 12%: interest on deferment = 1,500,000 × 0.12 × 2/12 = 30,000 ₽. Effective amount = RUB 1,530,000.
CASCO for a car loan is added to the total cost of ownership. Example of calculation with CASCO: car cost 1,500,000 ₽, loan 1,200,000 ₽ for 5 years at 12%, CASCO 10% of the cost (150,000 ₽/year or 12,500 ₽/month). Monthly loan payment 26,693 ₽ + CASCO 12,500 ₽ = 39,193 ₽/month. Total overpayment: interest on loan + CASCO for 5 years ≈ 750,000 ₽.
A car loan for an electric car often has preferential terms: a rate of 6.5-9.5% per annum (2-4% lower than usual), government subsidies, the possibility of a loan up to 95% of the cost. Example: electric car 4,000,000 ₽, preferential rate 9.5%, term 6 years: monthly payment ~70,000 ₽ with a down payment of 20%. Use the discounted rate in the calculator.
Evaluate the profitability of a car loan: compare the total cost of the purchase on credit and in cash, take into account the overpayment, the cost of CASCO, the possibility of investing the down payment. If the investment income is higher than the overpayment, the loan is more profitable. If not, it’s more profitable to save up. At a low interest rate (up to 10%), a car loan can be more profitable than saving for a long term.
Hidden fees may include: fee for issuing a loan (0.5-2% of the amount), fee for servicing the account (300-1000 RUB/month), fee for early repayment (some banks), mandatory services (life insurance). The bank is required to indicate the TCC (total cost of the loan), which includes all commissions. Compare loans by PSC, not by interest rate.