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ICICI Bank ₹8 lakh Car Loan EMI for 5 Years
At the advertised starting rate of 8.4%, the EMI is about ₹16,375 a month, with total interest of about ₹1,82,482.
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) | ₹16,375 | ₹1,82,482 | ₹9,82,482 |
| 8.9% | ₹16,568 | ₹1,94,073 | ₹9,94,073 |
| 9.4% | ₹16,762 | ₹2,05,745 | ₹10,05,745 |
| 9.9% | ₹16,958 | ₹2,17,498 | ₹10,17,498 |
| 10.4% | ₹17,156 | ₹2,29,331 | ₹10,29,331 |
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 | ₹1,34,392 | ₹62,104 | ₹1,96,496 | ₹6,65,608 |
| Year 2 | ₹1,46,126 | ₹50,370 | ₹1,96,496 | ₹5,19,482 |
| Year 3 | ₹1,58,884 | ₹37,612 | ₹1,96,496 | ₹3,60,597 |
| Year 4 | ₹1,72,757 | ₹23,740 | ₹1,96,496 | ₹1,87,840 |
| Year 5 | ₹1,87,840 | ₹8,656 | ₹1,96,496 | ₹0 |
Frequently asked questions
What is the EMI for a ₹8 lakh ICICI Bank car loan for 5 years?
At ICICI Bank's starting rate of 8.4% the EMI is about ₹16,375 a month. If your offered rate is 9.4% it would be about ₹16,762.
How much total interest will I pay?
At 8.4% the total interest over 5 years is about ₹1,82,482, so you repay about ₹9,82,482 in all.