carLoanCalculate is used as a guide to help you to get a better sense of your financial commitments when buying a car. Use this free calculator to help you to find out how much the monthly payments (or Equated Monthly Installment) you need to pay for your car loan.
Two types of interest are supported in this calcutor:
(i) flat interest rate and
(ii) monthly compounding interest rate.
Loan payment schedules by month and year are also provided as formatted tables