EMI on ₹10 lakh Car Loan for 3 years
The EMI on a ₹10 lakh car loan for 3 years at 9% a year is ₹31,800 a month. You pay ₹1,44,790 as interest, so the total repaid is ₹11,44,790.
- Loan amount
- ₹10,00,000
- Interest rate
- 9% a year
- Tenure
- 3 years (36 months)
- Monthly EMI
- ₹31,800
- Total interest
- ₹1,44,790
- Total amount paid
- ₹11,44,790
If the rate is different
At 8.5% the EMI would be ₹31,568; at 9.5% it would be ₹32,033. Every 0.5% changes the total interest by about ₹8,396 over the full tenure.
Year by year
| Year | Principal paid | Interest paid | Loan left |
|---|
| 1 | ₹3,03,931 | ₹77,666 | ₹6,96,069 |
|---|
| 2 | ₹3,32,442 | ₹49,155 | ₹3,63,627 |
|---|
| 3 | ₹3,63,627 | ₹17,970 | ₹0 |
|---|
Try your own numbers
Similar answers
Rates used: October–December 2026 where a government rate applies. Results are estimates.