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ICICI Bank ₹5 lakh Car Loan EMI for 5 Years
At the advertised starting rate of 8.4%, the EMI is about ₹10,234 a month, with total interest of about ₹1,14,051.
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) | ₹10,234 | ₹1,14,051 | ₹6,14,051 |
| 8.9% | ₹10,355 | ₹1,21,296 | ₹6,21,296 |
| 9.4% | ₹10,477 | ₹1,28,591 | ₹6,28,591 |
| 9.9% | ₹10,599 | ₹1,35,936 | ₹6,35,936 |
| 10.4% | ₹10,722 | ₹1,43,332 | ₹6,43,332 |
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 | ₹83,995 | ₹38,815 | ₹1,22,810 | ₹4,16,005 |
| Year 2 | ₹91,329 | ₹31,481 | ₹1,22,810 | ₹3,24,676 |
| Year 3 | ₹99,303 | ₹23,507 | ₹1,22,810 | ₹2,25,373 |
| Year 4 | ₹1,07,973 | ₹14,837 | ₹1,22,810 | ₹1,17,400 |
| Year 5 | ₹1,17,400 | ₹5,410 | ₹1,22,810 | ₹0 |
Frequently asked questions
What is the EMI for a ₹5 lakh ICICI Bank car loan for 5 years?
At ICICI Bank's starting rate of 8.4% the EMI is about ₹10,234 a month. If your offered rate is 9.4% it would be about ₹10,477.
How much total interest will I pay?
At 8.4% the total interest over 5 years is about ₹1,14,051, so you repay about ₹6,14,051 in all.