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ICICI Bank ₹15 lakh Car Loan EMI for 5 Years
At the advertised starting rate of 8.4%, the EMI is about ₹30,703 a month, with total interest of about ₹3,42,153.
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) | ₹30,703 | ₹3,42,153 | ₹18,42,153 |
| 8.9% | ₹31,065 | ₹3,63,887 | ₹18,63,887 |
| 9.4% | ₹31,430 | ₹3,85,772 | ₹18,85,772 |
| 9.9% | ₹31,797 | ₹4,07,809 | ₹19,07,809 |
| 10.4% | ₹32,167 | ₹4,29,996 | ₹19,29,996 |
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 | ₹2,51,985 | ₹1,16,445 | ₹3,68,431 | ₹12,48,015 |
| Year 2 | ₹2,73,986 | ₹94,444 | ₹3,68,431 | ₹9,74,028 |
| Year 3 | ₹2,97,908 | ₹70,522 | ₹3,68,431 | ₹6,76,120 |
| Year 4 | ₹3,23,919 | ₹44,512 | ₹3,68,431 | ₹3,52,201 |
| Year 5 | ₹3,52,201 | ₹16,230 | ₹3,68,431 | ₹0 |
Frequently asked questions
What is the EMI for a ₹15 lakh ICICI Bank car loan for 5 years?
At ICICI Bank's starting rate of 8.4% the EMI is about ₹30,703 a month. If your offered rate is 9.4% it would be about ₹31,430.
How much total interest will I pay?
At 8.4% the total interest over 5 years is about ₹3,42,153, so you repay about ₹18,42,153 in all.