Car loan EMI for ₹8 lakh
A ₹8 lakh car loan at 9% for 5 years costs ₹16,607 a month. Total interest is ₹1,96,401. 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% | ₹25,254 | ₹19,719 | ₹16,413 | ₹14,223 | ₹12,669 |
| 9% | ₹25,440 | ₹19,908 | ₹16,607 | ₹14,420 | ₹12,871 |
| 9.5% | ₹25,626 | ₹20,099 | ₹16,801 | ₹14,620 | ₹13,075 |
| 10% | ₹25,814 | ₹20,290 | ₹16,998 | ₹14,821 | ₹13,281 |
| 11% | ₹26,191 | ₹20,676 | ₹17,394 | ₹15,227 | ₹13,698 |
| 12% | ₹26,571 | ₹21,067 | ₹17,796 | ₹15,640 | ₹14,122 |
Interest you pay by tenure
| Tenure | EMI at 9% | Total interest |
|---|---|---|
| 3 yrs | ₹25,440 | ₹1,15,832 |
| 4 yrs | ₹19,908 | ₹1,55,586 |
| 5 yrs | ₹16,607 | ₹1,96,401 |
| 6 yrs | ₹14,420 | ₹2,38,271 |
| 7 yrs | ₹12,871 | ₹2,81,186 |
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 ₹8 lakh car loan?
₹16,607 a month at 9% for 5 years. At 12% it would be ₹17,796.