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 your car loan parameters and click 'Calculate'
Car loan calculator is a professional tool for calculating car loan payments, overpayments and repayment schedules. Using our calculator, you can calculate monthly payments on a car loan, the total overpayment, the effective interest rate and choose the optimal repayment scheme. The calculator takes into account the down payment, additional payments and various car loan support programs.
A car loan provides many benefits for purchasing a car:
To obtain a car loan, you must meet certain requirements:
Banks offer various car loan programs:
Special conditions for purchasing new cars
Conditions for purchasing used cars
To receive favorable car loan conditions:
Car loan calculator is a professional tool for calculating car loan payments, overpayments and repayment schedules. Using our calculator, you can calculate monthly payments on a car loan, the total overpayment, the effective interest rate and choose the optimal repayment scheme. The calculator takes into account the down payment, additional payments and various car loan support programs.
Car worth RUB 1,500,000, down payment RUB 300,000, rate 12% per annum, term 5 years
Monthly payment: 26,647 ₽, Total overpayment: 498,820 ₽, Effective rate: 12%
Car worth RUB 2,000,000, down payment RUB 200,000, rate 8% per annum, term 7 years
Monthly payment: 25,420 ₽, Total overpayment: 535,280 ₽, Effective rate: 8%
Car worth RUB 3,000,000, down payment RUB 600,000, rate 15% per annum, term 6 years with early repayment RUB 20,000/month
Monthly payment: 42,000 ₽ + 20,000 ₽ early, Term reduced to 3 years, Savings: 800,000 ₽
The calculation of a car loan is based on mathematical formulas that take into account the loan amount, interest rate, loan term and repayment scheme.
Equal monthly payments including interest and principal
Payment = Loan Amount × (Rate × (1 + Rate)^Term) / ((1 + Rate)^Term - 1)Diminishing payments, where the principal is constant but the interest is decreasing
Principal = Loan amount / Term, Interest = Balance of debt × Rate / 12A car loan provides many benefits for purchasing a car:
To obtain a car loan, you must meet certain requirements:
Banks offer various car loan programs:
Special conditions for purchasing new cars
Conditions for purchasing used cars
To receive favorable car loan conditions:
The monthly payment is calculated using the annuity formula: Payment = Loan amount × (Rate × (1 + Rate)^Term) / ((1 + Rate)^Term - 1). Our calculator will automatically perform all calculations.
Annuity payments are equal for the entire loan term, differentiated ones decrease over time. With an annuity, interest is paid first, with differentiated annuities, the principal is paid.
The minimum down payment is 10-20% of the cost of the car. With government support it can be reduced to 5-10%.
Yes, early repayment is allowed without penalties. You can repay in part or in full, which significantly reduces the overpayment.
Passport, income certificate, car documents, certificate of employment, bank statement on the status of accounts.
You can participate in government programs, take out insurance, increase your down payment, and improve your credit history.
Mandatory car and life insurance for the borrower, protecting the bank and the borrower from risks.
Yes, there are programs with zero down payment, but the interest rate will be higher.
Overpayment = Total amount of payments - Loan amount. Our calculator will show the exact overpayment and effective rate.
Refinancing with another bank on more favorable terms to reduce the interest rate or monthly payment.
Family car, preferential car loan, programs for young families with state support.
Short term means less overpayment, but higher monthly payment. Long term means lower payment, but higher overpayment.
Yes, most banks offer car loans for both new and used cars, with slight differences in terms.
A specialist who helps you choose the optimal car loan program, collect documents and apply for a loan.
Get a credit report from BKI, check for delinquencies and correct errors before applying for a car loan.