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Federal Bank ₹15 lakh Car Loan EMI for 3 Years
At the advertised starting rate of 7.85%, the EMI is about ₹46,901 a month, with total interest of about ₹1,88,430.
Source: Federal Bank 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) | ₹46,901 | ₹1,88,430 | ₹16,88,430 |
| 8.35% | ₹47,247 | ₹2,00,896 | ₹17,00,896 |
| 8.85% | ₹47,595 | ₹2,13,418 | ₹17,13,418 |
| 9.35% | ₹47,944 | ₹2,25,995 | ₹17,25,995 |
| 9.85% | ₹48,295 | ₹2,38,628 | ₹17,38,628 |
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 | ₹4,61,427 | ₹1,01,383 | ₹5,62,810 | ₹10,38,573 |
| Year 2 | ₹4,98,981 | ₹63,829 | ₹5,62,810 | ₹5,39,592 |
| Year 3 | ₹5,39,592 | ₹23,218 | ₹5,62,810 | ₹0 |
Frequently asked questions
What is the EMI for a ₹15 lakh Federal Bank car loan for 3 years?
At Federal Bank's starting rate of 7.85% the EMI is about ₹46,901 a month. If your offered rate is 8.85% it would be about ₹47,595.
How much total interest will I pay?
At 7.85% the total interest over 3 years is about ₹1,88,430, so you repay about ₹16,88,430 in all.