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Indian Bank ₹15 lakh Car Loan EMI for 5 Years
At the advertised starting rate of 7.75%, the EMI is about ₹30,235 a month, with total interest of about ₹3,14,126.
Source: Indian Bank official page, checked 2 November 2026.
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 |
|---|---|---|---|
| 7.75% (starting) | ₹30,235 | ₹3,14,126 | ₹18,14,126 |
| 8.25% | ₹30,594 | ₹3,35,663 | ₹18,35,663 |
| 8.75% | ₹30,956 | ₹3,57,351 | ₹18,57,351 |
| 9.25% | ₹31,320 | ₹3,79,191 | ₹18,79,191 |
| 9.75% | ₹31,686 | ₹4,01,182 | ₹19,01,182 |
Year-by-year repayment schedule at 7.75%
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 | ₹2,55,525 | ₹1,07,300 | ₹3,62,825 | ₹12,44,475 |
| Year 2 | ₹2,76,047 | ₹86,778 | ₹3,62,825 | ₹9,68,428 |
| Year 3 | ₹2,98,217 | ₹64,608 | ₹3,62,825 | ₹6,70,210 |
| Year 4 | ₹3,22,168 | ₹40,657 | ₹3,62,825 | ₹3,48,042 |
| Year 5 | ₹3,48,042 | ₹14,783 | ₹3,62,825 | ₹0 |
Frequently asked questions
What is the EMI for a ₹15 lakh Indian Bank car loan for 5 years?
At Indian Bank's starting rate of 7.75% the EMI is about ₹30,235 a month. If your offered rate is 8.75% it would be about ₹30,956.
How much total interest will I pay?
At 7.75% the total interest over 5 years is about ₹3,14,126, so you repay about ₹18,14,126 in all.