EMI on ₹15 lakh Car Loan for 5 years
The EMI on a ₹15 lakh car loan for 5 years at 9% a year is ₹31,138 a month. You pay ₹3,68,252 as interest, so the total repaid is ₹18,68,252.
- Loan amount
- ₹15,00,000
- Interest rate
- 9% a year
- Tenure
- 5 years (60 months)
- Monthly EMI
- ₹31,138
- Total interest
- ₹3,68,252
- Total amount paid
- ₹18,68,252
If the rate is different
At 8.5% the EMI would be ₹30,775; at 9.5% it would be ₹31,503. Every 0.5% changes the total interest by about ₹21,916 over the full tenure.
Year by year
| Year | Principal paid | Interest paid | Loan left |
|---|
| 1 | ₹2,48,745 | ₹1,24,905 | ₹12,51,255 |
|---|
| 2 | ₹2,72,079 | ₹1,01,571 | ₹9,79,176 |
|---|
| 3 | ₹2,97,602 | ₹76,048 | ₹6,81,574 |
|---|
| 4 | ₹3,25,519 | ₹48,131 | ₹3,56,055 |
|---|
| 5 | ₹3,56,055 | ₹17,595 | ₹0 |
|---|
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Rates used: October–December 2026 where a government rate applies. Results are estimates.