Home › Car Loan › Bank of Maharashtra › ₹5 lakh for 5 years
Bank of Maharashtra ₹5 lakh Car Loan EMI for 5 Years
At the advertised starting rate of 7.7%, the EMI is about ₹10,067 a month, with total interest of about ₹1,03,994.
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) | ₹10,067 | ₹1,03,994 | ₹6,03,994 |
| 8.2% | ₹10,186 | ₹1,11,167 | ₹6,11,167 |
| 8.7% | ₹10,307 | ₹1,18,392 | ₹6,18,392 |
| 9.2% | ₹10,428 | ₹1,25,667 | ₹6,25,667 |
| 9.7% | ₹10,550 | ₹1,32,992 | ₹6,32,992 |
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 | ₹85,266 | ₹35,533 | ₹1,20,799 | ₹4,14,734 |
| Year 2 | ₹92,068 | ₹28,730 | ₹1,20,799 | ₹3,22,665 |
| Year 3 | ₹99,413 | ₹21,385 | ₹1,20,799 | ₹2,23,252 |
| Year 4 | ₹1,07,344 | ₹13,455 | ₹1,20,799 | ₹1,15,908 |
| Year 5 | ₹1,15,908 | ₹4,891 | ₹1,20,799 | ₹0 |
Frequently asked questions
What is the EMI for a ₹5 lakh Bank of Maharashtra car loan for 5 years?
At Bank of Maharashtra's starting rate of 7.7% the EMI is about ₹10,067 a month. If your offered rate is 8.7% it would be about ₹10,307.
How much total interest will I pay?
At 7.7% the total interest over 5 years is about ₹1,03,994, so you repay about ₹6,03,994 in all.