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Bank of Baroda ₹5 lakh Car Loan EMI for 3 Years
At the advertised starting rate of 7.85%, the EMI is about ₹15,634 a month, with total interest of about ₹62,810.
Source: Bank of Baroda official page, checked 2 November 2026.
These figures use the bank's advertised starting rate. Most borrowers are offered a higher rate depending on credit score, income and loan size, so treat the result as a best case.
Prepayment options (optional): pay extra to finish sooner
EMI at higher rates
| Rate | EMI | Total interest | Total payment |
|---|---|---|---|
| 7.85% (starting) | ₹15,634 | ₹62,810 | ₹5,62,810 |
| 8.35% | ₹15,749 | ₹66,965 | ₹5,66,965 |
| 8.85% | ₹15,865 | ₹71,139 | ₹5,71,139 |
| 9.35% | ₹15,981 | ₹75,332 | ₹5,75,332 |
| 9.85% | ₹16,098 | ₹79,543 | ₹5,79,543 |
Year-by-year repayment schedule at 7.85%
How much of each year's payments goes to principal and to interest, and what you still owe at the end of the year. Use the calculator above for a month-by-month view and prepayment options.
| Year | Principal | Interest | Paid | Balance left |
|---|---|---|---|---|
| Year 1 | ₹1,53,809 | ₹33,794 | ₹1,87,603 | ₹3,46,191 |
| Year 2 | ₹1,66,327 | ₹21,276 | ₹1,87,603 | ₹1,79,864 |
| Year 3 | ₹1,79,864 | ₹7,739 | ₹1,87,603 | ₹0 |
Frequently asked questions
What is the EMI for a ₹5 lakh Bank of Baroda car loan for 3 years?
At Bank of Baroda's starting rate of 7.85% the EMI is about ₹15,634 a month. If your offered rate is 8.85% it would be about ₹15,865.
How much total interest will I pay?
At 7.85% the total interest over 3 years is about ₹62,810, so you repay about ₹5,62,810 in all.