EMI on ₹5 lakh Car Loan for 3 years
The EMI on a ₹5 lakh car loan for 3 years at 9% a year is ₹15,900 a month. You pay ₹72,395 as interest, so the total repaid is ₹5,72,395.
- Loan amount
- ₹5,00,000
- Interest rate
- 9% a year
- Tenure
- 3 years (36 months)
- Monthly EMI
- ₹15,900
- Total interest
- ₹72,395
- Total amount paid
- ₹5,72,395
If the rate is different
At 8.5% the EMI would be ₹15,784; at 9.5% it would be ₹16,016. Every 0.5% changes the total interest by about ₹4,198 over the full tenure.
Year by year
| Year | Principal paid | Interest paid | Loan left |
|---|
| 1 | ₹1,51,966 | ₹38,833 | ₹3,48,034 |
|---|
| 2 | ₹1,66,221 | ₹24,577 | ₹1,81,814 |
|---|
| 3 | ₹1,81,814 | ₹8,985 | ₹0 |
|---|
Try your own numbers
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Rates used: October–December 2026 where a government rate applies. Results are estimates.