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EMI on ₹5 lakh Car Loan for 5 years

The EMI on a ₹5 lakh car loan for 5 years at 9% a year is ₹10,379 a month. You pay ₹1,22,751 as interest, so the total repaid is ₹6,22,751.

Loan amount
₹5,00,000
Interest rate
9% a year
Tenure
5 years (60 months)
Monthly EMI
₹10,379
Total interest
₹1,22,751
Total amount paid
₹6,22,751

If the rate is different

At 8.5% the EMI would be ₹10,258; at 9.5% it would be ₹10,501. Every 0.5% changes the total interest by about ₹7,305 over the full tenure.

Year by year

YearPrincipal paidInterest paidLoan left
1₹82,915₹41,635₹4,17,085
2₹90,693₹33,857₹3,26,392
3₹99,201₹25,349₹2,27,191
4₹1,08,506₹16,044₹1,18,685
5₹1,18,685₹5,865₹0

If the interest rate is different

RateMonthly EMITotal interest
8%₹10,138₹1,08,292
8.5%₹10,258₹1,15,496
9% (this page)₹10,379₹1,22,751
9.5%₹10,501₹1,30,056
10%₹10,624₹1,37,411

Even 0.5% less on the rate saves a lot over a long loan, so compare lenders and ask about rate reductions every year.

Good to know

  • Banks usually want all your EMIs under 40–50% of your take-home pay.
  • Part-payments early in the loan cut the most interest, because early EMIs are mostly interest.
  • Check the processing fee and any prepayment charges, not just the rate.

Try your own numbers

Similar answers

Rates used: October–December 2026 where a government rate applies. Results are estimates.