Home › Car Loan › ICICI Bank › ₹5 lakh for 7 years
ICICI Bank ₹5 lakh Car Loan EMI for 7 Years
At the advertised starting rate of 8.4%, the EMI is about ₹7,893 a month, with total interest of about ₹1,63,022.
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) | ₹7,893 | ₹1,63,022 | ₹6,63,022 |
| 8.9% | ₹8,019 | ₹1,73,612 | ₹6,73,612 |
| 9.4% | ₹8,146 | ₹1,84,298 | ₹6,84,298 |
| 9.9% | ₹8,275 | ₹1,95,082 | ₹6,95,082 |
| 10.4% | ₹8,404 | ₹2,05,961 | ₹7,05,961 |
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 | ₹54,795 | ₹39,922 | ₹94,717 | ₹4,45,205 |
| Year 2 | ₹59,579 | ₹35,138 | ₹94,717 | ₹3,85,625 |
| Year 3 | ₹64,781 | ₹29,936 | ₹94,717 | ₹3,20,844 |
| Year 4 | ₹70,437 | ₹24,280 | ₹94,717 | ₹2,50,407 |
| Year 5 | ₹76,587 | ₹18,130 | ₹94,717 | ₹1,73,819 |
| Year 6 | ₹83,274 | ₹11,443 | ₹94,717 | ₹90,545 |
| Year 7 | ₹90,545 | ₹4,172 | ₹94,717 | ₹0 |
Frequently asked questions
What is the EMI for a ₹5 lakh ICICI Bank car loan for 7 years?
At ICICI Bank's starting rate of 8.4% the EMI is about ₹7,893 a month. If your offered rate is 9.4% it would be about ₹8,146.
How much total interest will I pay?
At 8.4% the total interest over 7 years is about ₹1,63,022, so you repay about ₹6,63,022 in all.