Car loan EMI for ₹15 lakh
A ₹15 lakh car loan at 9% for 5 years costs ₹31,138 a month. Total interest is ₹3,68,252. 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% | ₹47,351 | ₹36,972 | ₹30,775 | ₹26,668 | ₹23,755 |
| 9% | ₹47,700 | ₹37,328 | ₹31,138 | ₹27,038 | ₹24,134 |
| 9.5% | ₹48,049 | ₹37,685 | ₹31,503 | ₹27,412 | ₹24,516 |
| 10% | ₹48,401 | ₹38,044 | ₹31,871 | ₹27,789 | ₹24,902 |
| 11% | ₹49,108 | ₹38,768 | ₹32,614 | ₹28,551 | ₹25,684 |
| 12% | ₹49,821 | ₹39,501 | ₹33,367 | ₹29,325 | ₹26,479 |
Interest you pay by tenure
| Tenure | EMI at 9% | Total interest |
|---|---|---|
| 3 yrs | ₹47,700 | ₹2,17,186 |
| 4 yrs | ₹37,328 | ₹2,91,723 |
| 5 yrs | ₹31,138 | ₹3,68,252 |
| 6 yrs | ₹27,038 | ₹4,46,758 |
| 7 yrs | ₹24,134 | ₹5,27,224 |
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 ₹15 lakh car loan?
₹31,138 a month at 9% for 5 years. At 12% it would be ₹33,367.