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ICICI Bank ₹15 lakh Car Loan EMI for 7 Years
At the advertised starting rate of 8.4%, the EMI is about ₹23,679 a month, with total interest of about ₹4,89,067.
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) | ₹23,679 | ₹4,89,067 | ₹19,89,067 |
| 8.9% | ₹24,058 | ₹5,20,835 | ₹20,20,835 |
| 9.4% | ₹24,439 | ₹5,52,895 | ₹20,52,895 |
| 9.9% | ₹24,824 | ₹5,85,245 | ₹20,85,245 |
| 10.4% | ₹25,213 | ₹6,17,883 | ₹21,17,883 |
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 | ₹1,64,386 | ₹1,19,767 | ₹2,84,152 | ₹13,35,614 |
| Year 2 | ₹1,78,738 | ₹1,05,414 | ₹2,84,152 | ₹11,56,876 |
| Year 3 | ₹1,94,344 | ₹89,808 | ₹2,84,152 | ₹9,62,532 |
| Year 4 | ₹2,11,312 | ₹72,840 | ₹2,84,152 | ₹7,51,220 |
| Year 5 | ₹2,29,762 | ₹54,390 | ₹2,84,152 | ₹5,21,458 |
| Year 6 | ₹2,49,823 | ₹34,330 | ₹2,84,152 | ₹2,71,635 |
| Year 7 | ₹2,71,635 | ₹12,517 | ₹2,84,152 | ₹0 |
Frequently asked questions
What is the EMI for a ₹15 lakh ICICI Bank car loan for 7 years?
At ICICI Bank's starting rate of 8.4% the EMI is about ₹23,679 a month. If your offered rate is 9.4% it would be about ₹24,439.
How much total interest will I pay?
At 8.4% the total interest over 7 years is about ₹4,89,067, so you repay about ₹19,89,067 in all.