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Central Bank of India ₹15 lakh Car Loan EMI for 5 Years
At the advertised starting rate of 7.9%, the EMI is about ₹30,343 a month, with total interest of about ₹3,20,571.
Source: Central Bank of India 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 |
|---|---|---|---|
| 7.9% (starting) | ₹30,343 | ₹3,20,571 | ₹18,20,571 |
| 8.4% | ₹30,703 | ₹3,42,153 | ₹18,42,153 |
| 8.9% | ₹31,065 | ₹3,63,887 | ₹18,63,887 |
| 9.4% | ₹31,430 | ₹3,85,772 | ₹18,85,772 |
| 9.9% | ₹31,797 | ₹4,07,809 | ₹19,07,809 |
Year-by-year repayment schedule at 7.9%
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 | ₹2,54,706 | ₹1,09,409 | ₹3,64,114 | ₹12,45,294 |
| Year 2 | ₹2,75,572 | ₹88,542 | ₹3,64,114 | ₹9,69,722 |
| Year 3 | ₹2,98,148 | ₹65,966 | ₹3,64,114 | ₹6,71,574 |
| Year 4 | ₹3,22,574 | ₹41,541 | ₹3,64,114 | ₹3,49,000 |
| Year 5 | ₹3,49,000 | ₹15,114 | ₹3,64,114 | ₹0 |
Frequently asked questions
What is the EMI for a ₹15 lakh Central Bank of India car loan for 5 years?
At Central Bank of India's starting rate of 7.9% the EMI is about ₹30,343 a month. If your offered rate is 8.9% it would be about ₹31,065.
How much total interest will I pay?
At 7.9% the total interest over 5 years is about ₹3,20,571, so you repay about ₹18,20,571 in all.