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Indian Bank ₹8 lakh Car Loan EMI for 3 Years
At the advertised starting rate of 7.75%, the EMI is about ₹24,977 a month, with total interest of about ₹99,170.
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) | ₹24,977 | ₹99,170 | ₹8,99,170 |
| 8.25% | ₹25,161 | ₹1,05,813 | ₹9,05,813 |
| 8.75% | ₹25,347 | ₹1,12,485 | ₹9,12,485 |
| 9.25% | ₹25,533 | ₹1,19,187 | ₹9,19,187 |
| 9.75% | ₹25,720 | ₹1,25,918 | ₹9,25,918 |
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 | ₹2,46,352 | ₹53,371 | ₹2,99,723 | ₹5,53,648 |
| Year 2 | ₹2,66,137 | ₹33,586 | ₹2,99,723 | ₹2,87,511 |
| Year 3 | ₹2,87,511 | ₹12,212 | ₹2,99,723 | ₹0 |
Frequently asked questions
What is the EMI for a ₹8 lakh Indian Bank car loan for 3 years?
At Indian Bank's starting rate of 7.75% the EMI is about ₹24,977 a month. If your offered rate is 8.75% it would be about ₹25,347.
How much total interest will I pay?
At 7.75% the total interest over 3 years is about ₹99,170, so you repay about ₹8,99,170 in all.