1Getting started
- Pick your state on the On-road tab. Road tax and registration depend on it.
- Choose a car or type an ex-showroom price. The On-road tab shows the full breakdown.
- Set the loan on the EMI tab: down payment, tenure and rate. Tap a bank in More to use its current rate.
- Save the plan to compare options, or create a PDF to take to the dealership.
2Calculations
How is the EMI calculated?
The app uses the standard reducing-balance formula most lenders use: EMI = P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1). Here P is the loan amount, r is the monthly rate (annual rate ÷ 12 ÷ 100) and n is the number of months. The schedule shows how each EMI splits between interest and principal.
The dealer quoted a "flat rate". What's the difference?
A flat rate charges interest on the full loan for the whole tenure, even as you repay it. For a 5-year loan, a 7% flat rate works out to about 12–13% on a reducing balance. Turn on flat rate on the EMI tab to see the real rate, or use Check a dealer quote.
What does "Check a dealer quote" do?
Enter the EMI, tenure, down payment and any advance EMIs from the dealer's quote. The app works backwards to estimate the true annual interest rate. Add any fees or add-ons from the fine print, and it shows how much they raise what you really pay.
Why is the on-road price different from my dealer's?
On-road price depends on the exact variant, city, RTO, insurance and accessories, and dealers often add "handling" or "logistics" charges. The app shows each part separately, so you can see what's different and ask about it.
Which states are covered? Is GST 2.0 included?
The app covers road tax and registration rules for 25 states and union territories, plus the BH (Bharat) series. It uses the GST 2.0 rates from September 2025, and TCS on cars above ₹10 lakh. EV waivers are included where a state offers them. Rules change often, so check the figures with your RTO.
How current are car prices and bank rates?
We update car prices and bank rates from time to time. The app downloads the latest data when it's online and uses the last saved copy offline. Prices are reference figures, so always confirm with the dealer.
I found a wrong price or tax rate.
Thank you! Email us the car (make, model, variant), your state and city, and the correct figure. A link or a photo of the quote helps. We review reports and correct the data where we can.
3Widgets & reminders
How do I add the widget?
Long-press an empty area of your home screen, tap Edit → Add Widget, search for Car Loan EMI, and pick small or medium. For the lock screen, long-press the lock screen, tap Customize → Lock Screen and add it under the clock. The widget shows your saved plan or the loan in My Loan.
I'm not getting EMI or festive reminders.
Check that reminders are turned on in the app. Then check iPhone Settings → Notifications → Car Loan EMI and make sure notifications are allowed. Reminders are scheduled on your phone, so Focus modes can also hide them.
I deleted the app. Can I get my saved plans back?
Sorry, no. Plans and loans are stored only on your phone, and we don't keep a copy, so deleting the app deletes them.
4Privacy & your number
Do I need to sign up or share my number?
No. Every calculator works without an account. The app asks for a number only if you request something, like your plan on WhatsApp or rate offers, and that's optional.
I shared my number. How do I stop contact and delete it?
In the app, open More → Privacy → Withdraw consent & delete my details.
Is there an Android version?
Not yet.
5Contact us
It helps if you include:
- your iPhone model and iOS version
- the app version (shown on the app's App Store page under Version History)
- what you did, what you expected, and a screenshot if you can