EMI on ₹10 lakh Car Loan for 5 years
The EMI on a ₹10 lakh car loan for 5 years at 9% a year is ₹20,758 a month. You pay ₹2,45,501 as interest, so the total repaid is ₹12,45,501.
- Loan amount
- ₹10,00,000
- Interest rate
- 9% a year
- Tenure
- 5 years (60 months)
- Monthly EMI
- ₹20,758
- Total interest
- ₹2,45,501
- Total amount paid
- ₹12,45,501
If the rate is different
At 8.5% the EMI would be ₹20,517; at 9.5% it would be ₹21,002. Every 0.5% changes the total interest by about ₹14,610 over the full tenure.
Year by year
| Year | Principal paid | Interest paid | Loan left |
|---|
| 1 | ₹1,65,830 | ₹83,270 | ₹8,34,170 |
|---|
| 2 | ₹1,81,386 | ₹67,714 | ₹6,52,784 |
|---|
| 3 | ₹1,98,401 | ₹50,699 | ₹4,54,383 |
|---|
| 4 | ₹2,17,013 | ₹32,088 | ₹2,37,370 |
|---|
| 5 | ₹2,37,370 | ₹11,730 | ₹0 |
|---|
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Rates used: October–December 2026 where a government rate applies. Results are estimates.