Car loan EMI for ₹20 lakh
A ₹20 lakh car loan at 9% for 5 years costs ₹41,517 a month. Total interest is ₹4,91,003. 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% | ₹63,135 | ₹49,297 | ₹41,033 | ₹35,557 | ₹31,673 |
| 9% | ₹63,599 | ₹49,770 | ₹41,517 | ₹36,051 | ₹32,178 |
| 9.5% | ₹64,066 | ₹50,246 | ₹42,004 | ₹36,549 | ₹32,688 |
| 10% | ₹64,534 | ₹50,725 | ₹42,494 | ₹37,052 | ₹33,202 |
| 11% | ₹65,477 | ₹51,691 | ₹43,485 | ₹38,068 | ₹34,245 |
| 12% | ₹66,429 | ₹52,668 | ₹44,489 | ₹39,100 | ₹35,305 |
Interest you pay by tenure
| Tenure | EMI at 9% | Total interest |
|---|---|---|
| 3 yrs | ₹63,599 | ₹2,89,581 |
| 4 yrs | ₹49,770 | ₹3,88,964 |
| 5 yrs | ₹41,517 | ₹4,91,003 |
| 6 yrs | ₹36,051 | ₹5,95,677 |
| 7 yrs | ₹32,178 | ₹7,02,965 |
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 ₹20 lakh car loan?
₹41,517 a month at 9% for 5 years. At 12% it would be ₹44,489.