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Bank of Maharashtra ₹10 lakh Car Loan EMI for 5 Years
At the advertised starting rate of 7.7%, the EMI is about ₹20,133 a month, with total interest of about ₹2,07,987.
Source: Bank of Maharashtra 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 |
|---|---|---|---|
| 7.7% (starting) | ₹20,133 | ₹2,07,987 | ₹12,07,987 |
| 8.2% | ₹20,372 | ₹2,22,335 | ₹12,22,335 |
| 8.7% | ₹20,613 | ₹2,36,784 | ₹12,36,784 |
| 9.2% | ₹20,856 | ₹2,51,333 | ₹12,51,333 |
| 9.7% | ₹21,100 | ₹2,65,984 | ₹12,65,984 |
Year-by-year repayment schedule at 7.7%
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 | ₹1,70,532 | ₹71,065 | ₹2,41,597 | ₹8,29,468 |
| Year 2 | ₹1,84,137 | ₹57,461 | ₹2,41,597 | ₹6,45,331 |
| Year 3 | ₹1,98,827 | ₹42,771 | ₹2,41,597 | ₹4,46,504 |
| Year 4 | ₹2,14,688 | ₹26,909 | ₹2,41,597 | ₹2,31,815 |
| Year 5 | ₹2,31,815 | ₹9,782 | ₹2,41,597 | ₹0 |
Frequently asked questions
What is the EMI for a ₹10 lakh Bank of Maharashtra car loan for 5 years?
At Bank of Maharashtra's starting rate of 7.7% the EMI is about ₹20,133 a month. If your offered rate is 8.7% it would be about ₹20,613.
How much total interest will I pay?
At 7.7% the total interest over 5 years is about ₹2,07,987, so you repay about ₹12,07,987 in all.