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ICICI Bank ₹10 lakh Car Loan EMI for 3 Years
At the advertised starting rate of 8.4%, the EMI is about ₹31,521 a month, with total interest of about ₹1,34,764.
Source: ICICI Bank official page, checked on November 2026 (2026-11-01).
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 |
|---|---|---|---|
| 8.4% (starting) | ₹31,521 | ₹1,34,764 | ₹11,34,764 |
| 8.9% | ₹31,753 | ₹1,43,116 | ₹11,43,116 |
| 9.4% | ₹31,986 | ₹1,51,504 | ₹11,51,504 |
| 9.9% | ₹32,220 | ₹1,59,929 | ₹11,59,929 |
| 10.4% | ₹32,455 | ₹1,68,391 | ₹11,68,391 |
Year-by-year repayment schedule at 8.4%
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 | ₹3,05,852 | ₹72,403 | ₹3,78,255 | ₹6,94,148 |
| Year 2 | ₹3,32,556 | ₹45,699 | ₹3,78,255 | ₹3,61,592 |
| Year 3 | ₹3,61,592 | ₹16,663 | ₹3,78,255 | ₹0 |
Frequently asked questions
What is the EMI for a ₹10 lakh ICICI Bank car loan for 3 years?
At ICICI Bank's starting rate of 8.4% the EMI is about ₹31,521 a month. If your offered rate is 9.4% it would be about ₹31,986.
How much total interest will I pay?
At 8.4% the total interest over 3 years is about ₹1,34,764, so you repay about ₹11,34,764 in all.