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Indian Bank ₹8 lakh Car Loan EMI for 5 Years
At the advertised starting rate of 7.75%, the EMI is about ₹16,126 a month, with total interest of about ₹1,67,534.
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) | ₹16,126 | ₹1,67,534 | ₹9,67,534 |
| 8.25% | ₹16,317 | ₹1,79,020 | ₹9,79,020 |
| 8.75% | ₹16,510 | ₹1,90,587 | ₹9,90,587 |
| 9.25% | ₹16,704 | ₹2,02,235 | ₹10,02,235 |
| 9.75% | ₹16,899 | ₹2,13,964 | ₹10,13,964 |
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 | ₹1,36,280 | ₹57,227 | ₹1,93,507 | ₹6,63,720 |
| Year 2 | ₹1,47,225 | ₹46,282 | ₹1,93,507 | ₹5,16,495 |
| Year 3 | ₹1,59,049 | ₹34,458 | ₹1,93,507 | ₹3,57,446 |
| Year 4 | ₹1,71,823 | ₹21,684 | ₹1,93,507 | ₹1,85,623 |
| Year 5 | ₹1,85,623 | ₹7,884 | ₹1,93,507 | ₹0 |
Frequently asked questions
What is the EMI for a ₹8 lakh Indian Bank car loan for 5 years?
At Indian Bank's starting rate of 7.75% the EMI is about ₹16,126 a month. If your offered rate is 8.75% it would be about ₹16,510.
How much total interest will I pay?
At 7.75% the total interest over 5 years is about ₹1,67,534, so you repay about ₹9,67,534 in all.