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EMI on ₹8 lakh Car Loan for 5 years

The EMI on a ₹8 lakh car loan for 5 years at 9% a year is ₹16,607 a month. You pay ₹1,96,401 as interest, so the total repaid is ₹9,96,401.

Loan amount
₹8,00,000
Interest rate
9% a year
Tenure
5 years (60 months)
Monthly EMI
₹16,607
Total interest
₹1,96,401
Total amount paid
₹9,96,401

If the rate is different

At 8.5% the EMI would be ₹16,413; at 9.5% it would be ₹16,801. Every 0.5% changes the total interest by about ₹11,688 over the full tenure.

Year by year

YearPrincipal paidInterest paidLoan left
1₹1,32,664₹66,616₹6,67,336
2₹1,45,109₹54,171₹5,22,227
3₹1,58,721₹40,559₹3,63,506
4₹1,73,610₹25,670₹1,89,896
5₹1,89,896₹9,384₹0

If the interest rate is different

RateMonthly EMITotal interest
8%₹16,221₹1,73,267
8.5%₹16,413₹1,84,794
9% (this page)₹16,607₹1,96,401
9.5%₹16,801₹2,08,089
10%₹16,998₹2,19,858

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.