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ICICI Bank ₹10 lakh Car Loan EMI for 5 Years
At the advertised starting rate of 8.4%, the EMI is about ₹20,468 a month, with total interest of about ₹2,28,102.
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) | ₹20,468 | ₹2,28,102 | ₹12,28,102 |
| 8.9% | ₹20,710 | ₹2,42,591 | ₹12,42,591 |
| 9.4% | ₹20,953 | ₹2,57,182 | ₹12,57,182 |
| 9.9% | ₹21,198 | ₹2,71,872 | ₹12,71,872 |
| 10.4% | ₹21,444 | ₹2,86,664 | ₹12,86,664 |
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 | ₹1,67,990 | ₹77,630 | ₹2,45,620 | ₹8,32,010 |
| Year 2 | ₹1,82,658 | ₹62,963 | ₹2,45,620 | ₹6,49,352 |
| Year 3 | ₹1,98,606 | ₹47,015 | ₹2,45,620 | ₹4,50,746 |
| Year 4 | ₹2,15,946 | ₹29,674 | ₹2,45,620 | ₹2,34,800 |
| Year 5 | ₹2,34,800 | ₹10,820 | ₹2,45,620 | ₹0 |
Frequently asked questions
What is the EMI for a ₹10 lakh ICICI Bank car loan for 5 years?
At ICICI Bank's starting rate of 8.4% the EMI is about ₹20,468 a month. If your offered rate is 9.4% it would be about ₹20,953.
How much total interest will I pay?
At 8.4% the total interest over 5 years is about ₹2,28,102, so you repay about ₹12,28,102 in all.