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ICICI Bank ₹5 lakh Car Loan EMI for 3 Years
At the advertised starting rate of 8.4%, the EMI is about ₹15,761 a month, with total interest of about ₹67,382.
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) | ₹15,761 | ₹67,382 | ₹5,67,382 |
| 8.9% | ₹15,877 | ₹71,558 | ₹5,71,558 |
| 9.4% | ₹15,993 | ₹75,752 | ₹5,75,752 |
| 9.9% | ₹16,110 | ₹79,965 | ₹5,79,965 |
| 10.4% | ₹16,228 | ₹84,196 | ₹5,84,196 |
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 | ₹1,52,926 | ₹36,201 | ₹1,89,127 | ₹3,47,074 |
| Year 2 | ₹1,66,278 | ₹22,849 | ₹1,89,127 | ₹1,80,796 |
| Year 3 | ₹1,80,796 | ₹8,331 | ₹1,89,127 | ₹0 |
Frequently asked questions
What is the EMI for a ₹5 lakh ICICI Bank car loan for 3 years?
At ICICI Bank's starting rate of 8.4% the EMI is about ₹15,761 a month. If your offered rate is 9.4% it would be about ₹15,993.
How much total interest will I pay?
At 8.4% the total interest over 3 years is about ₹67,382, so you repay about ₹5,67,382 in all.