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Bank of Baroda ₹8 lakh Car Loan EMI for 5 Years
At the advertised starting rate of 7.85%, the EMI is about ₹16,164 a month, with total interest of about ₹1,69,825.
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) | ₹16,164 | ₹1,69,825 | ₹9,69,825 |
| 8.35% | ₹16,355 | ₹1,81,327 | ₹9,81,327 |
| 8.85% | ₹16,549 | ₹1,92,910 | ₹9,92,910 |
| 9.35% | ₹16,743 | ₹2,04,574 | ₹10,04,574 |
| 9.85% | ₹16,939 | ₹2,16,319 | ₹10,16,319 |
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 | ₹1,35,989 | ₹57,976 | ₹1,93,965 | ₹6,64,011 |
| Year 2 | ₹1,47,056 | ₹46,909 | ₹1,93,965 | ₹5,16,955 |
| Year 3 | ₹1,59,025 | ₹34,940 | ₹1,93,965 | ₹3,57,930 |
| Year 4 | ₹1,71,967 | ₹21,998 | ₹1,93,965 | ₹1,85,963 |
| Year 5 | ₹1,85,963 | ₹8,002 | ₹1,93,965 | ₹0 |
Frequently asked questions
What is the EMI for a ₹8 lakh Bank of Baroda car loan for 5 years?
At Bank of Baroda's starting rate of 7.85% the EMI is about ₹16,164 a month. If your offered rate is 8.85% it would be about ₹16,549.
How much total interest will I pay?
At 7.85% the total interest over 5 years is about ₹1,69,825, so you repay about ₹9,69,825 in all.