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ICICI Bank ₹15 lakh Car Loan EMI for 3 Years
At the advertised starting rate of 8.4%, the EMI is about ₹47,282 a month, with total interest of about ₹2,02,146.
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) | ₹47,282 | ₹2,02,146 | ₹17,02,146 |
| 8.9% | ₹47,630 | ₹2,14,673 | ₹17,14,673 |
| 9.4% | ₹47,979 | ₹2,27,256 | ₹17,27,256 |
| 9.9% | ₹48,330 | ₹2,39,894 | ₹17,39,894 |
| 10.4% | ₹48,683 | ₹2,52,587 | ₹17,52,587 |
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 | ₹4,58,778 | ₹1,08,604 | ₹5,67,382 | ₹10,41,222 |
| Year 2 | ₹4,98,834 | ₹68,548 | ₹5,67,382 | ₹5,42,388 |
| Year 3 | ₹5,42,388 | ₹24,994 | ₹5,67,382 | ₹0 |
Frequently asked questions
What is the EMI for a ₹15 lakh ICICI Bank car loan for 3 years?
At ICICI Bank's starting rate of 8.4% the EMI is about ₹47,282 a month. If your offered rate is 9.4% it would be about ₹47,979.
How much total interest will I pay?
At 8.4% the total interest over 3 years is about ₹2,02,146, so you repay about ₹17,02,146 in all.