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Central Bank of India ₹8 lakh Car Loan EMI for 3 Years
At the advertised starting rate of 7.9%, the EMI is about ₹25,032 a month, with total interest of about ₹1,01,159.
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) | ₹25,032 | ₹1,01,159 | ₹9,01,159 |
| 8.4% | ₹25,217 | ₹1,07,811 | ₹9,07,811 |
| 8.9% | ₹25,403 | ₹1,14,493 | ₹9,14,493 |
| 9.4% | ₹25,589 | ₹1,21,203 | ₹9,21,203 |
| 9.9% | ₹25,776 | ₹1,27,943 | ₹9,27,943 |
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 | ₹2,45,966 | ₹54,421 | ₹3,00,386 | ₹5,54,034 |
| Year 2 | ₹2,66,116 | ₹34,270 | ₹3,00,386 | ₹2,87,918 |
| Year 3 | ₹2,87,918 | ₹12,469 | ₹3,00,386 | ₹0 |
Frequently asked questions
What is the EMI for a ₹8 lakh Central Bank of India car loan for 3 years?
At Central Bank of India's starting rate of 7.9% the EMI is about ₹25,032 a month. If your offered rate is 8.9% it would be about ₹25,403.
How much total interest will I pay?
At 7.9% the total interest over 3 years is about ₹1,01,159, so you repay about ₹9,01,159 in all.