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ICICI Bank ₹8 lakh Car Loan EMI for 7 Years
At the advertised starting rate of 8.4%, the EMI is about ₹12,629 a month, with total interest of about ₹2,60,836.
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) | ₹12,629 | ₹2,60,836 | ₹10,60,836 |
| 8.9% | ₹12,831 | ₹2,77,779 | ₹10,77,779 |
| 9.4% | ₹13,034 | ₹2,94,877 | ₹10,94,877 |
| 9.9% | ₹13,240 | ₹3,12,130 | ₹11,12,130 |
| 10.4% | ₹13,447 | ₹3,29,537 | ₹11,29,537 |
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 | ₹87,672 | ₹63,876 | ₹1,51,548 | ₹7,12,328 |
| Year 2 | ₹95,327 | ₹56,221 | ₹1,51,548 | ₹6,17,001 |
| Year 3 | ₹1,03,650 | ₹47,898 | ₹1,51,548 | ₹5,13,350 |
| Year 4 | ₹1,12,700 | ₹38,848 | ₹1,51,548 | ₹4,00,651 |
| Year 5 | ₹1,22,540 | ₹29,008 | ₹1,51,548 | ₹2,78,111 |
| Year 6 | ₹1,33,239 | ₹18,309 | ₹1,51,548 | ₹1,44,872 |
| Year 7 | ₹1,44,872 | ₹6,676 | ₹1,51,548 | ₹0 |
Frequently asked questions
What is the EMI for a ₹8 lakh ICICI Bank car loan for 7 years?
At ICICI Bank's starting rate of 8.4% the EMI is about ₹12,629 a month. If your offered rate is 9.4% it would be about ₹13,034.
How much total interest will I pay?
At 8.4% the total interest over 7 years is about ₹2,60,836, so you repay about ₹10,60,836 in all.