Car loan EMI for ₹10 lakh
A ₹10 lakh car loan at 9% for 5 years costs ₹20,758 a month. Total interest is ₹2,45,501. The table shows the EMI for other rates and tenures; the highlighted cell is this example.
| Rate | 3 yrs | 4 yrs | 5 yrs | 6 yrs | 7 yrs |
|---|---|---|---|---|---|
| 8.5% | ₹31,568 | ₹24,648 | ₹20,517 | ₹17,778 | ₹15,836 |
| 9% | ₹31,800 | ₹24,885 | ₹20,758 | ₹18,026 | ₹16,089 |
| 9.5% | ₹32,033 | ₹25,123 | ₹21,002 | ₹18,275 | ₹16,344 |
| 10% | ₹32,267 | ₹25,363 | ₹21,247 | ₹18,526 | ₹16,601 |
| 11% | ₹32,739 | ₹25,846 | ₹21,742 | ₹19,034 | ₹17,122 |
| 12% | ₹33,214 | ₹26,334 | ₹22,244 | ₹19,550 | ₹17,653 |
Interest you pay by tenure
| Tenure | EMI at 9% | Total interest |
|---|---|---|
| 3 yrs | ₹31,800 | ₹1,44,790 |
| 4 yrs | ₹24,885 | ₹1,94,482 |
| 5 yrs | ₹20,758 | ₹2,45,501 |
| 6 yrs | ₹18,026 | ₹2,97,839 |
| 7 yrs | ₹16,089 | ₹3,51,483 |
A shorter tenure means a higher EMI but much less interest. Change any number in the calculator above, or open the full car loan EMI calculator.
Questions people ask
What is the EMI for a ₹10 lakh car loan?
₹20,758 a month at 9% for 5 years. At 12% it would be ₹22,244.