EMI on ₹8 lakh Car Loan for 3 years
The EMI on a ₹8 lakh car loan for 3 years at 9% a year is ₹25,440 a month. You pay ₹1,15,832 as interest, so the total repaid is ₹9,15,832.
- Loan amount
- ₹8,00,000
- Interest rate
- 9% a year
- Tenure
- 3 years (36 months)
- Monthly EMI
- ₹25,440
- Total interest
- ₹1,15,832
- Total amount paid
- ₹9,15,832
If the rate is different
At 8.5% the EMI would be ₹25,254; at 9.5% it would be ₹25,626. Every 0.5% changes the total interest by about ₹6,717 over the full tenure.
Year by year
| Year | Principal paid | Interest paid | Loan left |
|---|
| 1 | ₹2,43,145 | ₹62,133 | ₹5,56,855 |
|---|
| 2 | ₹2,65,953 | ₹39,324 | ₹2,90,902 |
|---|
| 3 | ₹2,90,902 | ₹14,376 | ₹0 |
|---|
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Similar answers
Rates used: October–December 2026 where a government rate applies. Results are estimates.