Home › Car Loan › Indian Bank › ₹8 lakh for 7 years
Indian Bank ₹8 lakh Car Loan EMI for 7 Years
At the advertised starting rate of 7.75%, the EMI is about ₹12,370 a month, with total interest of about ₹2,39,043.
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) | ₹12,370 | ₹2,39,043 | ₹10,39,043 |
| 8.25% | ₹12,569 | ₹2,55,783 | ₹10,55,783 |
| 8.75% | ₹12,770 | ₹2,72,679 | ₹10,72,679 |
| 9.25% | ₹12,973 | ₹2,89,731 | ₹10,89,731 |
| 9.75% | ₹13,178 | ₹3,06,938 | ₹11,06,938 |
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 | ₹89,572 | ₹58,863 | ₹1,48,435 | ₹7,10,428 |
| Year 2 | ₹96,766 | ₹51,669 | ₹1,48,435 | ₹6,13,662 |
| Year 3 | ₹1,04,537 | ₹43,897 | ₹1,48,435 | ₹5,09,125 |
| Year 4 | ₹1,12,933 | ₹35,502 | ₹1,48,435 | ₹3,96,192 |
| Year 5 | ₹1,22,003 | ₹26,432 | ₹1,48,435 | ₹2,74,188 |
| Year 6 | ₹1,31,802 | ₹16,633 | ₹1,48,435 | ₹1,42,387 |
| Year 7 | ₹1,42,387 | ₹6,048 | ₹1,48,435 | ₹0 |
Frequently asked questions
What is the EMI for a ₹8 lakh Indian Bank car loan for 7 years?
At Indian Bank's starting rate of 7.75% the EMI is about ₹12,370 a month. If your offered rate is 8.75% it would be about ₹12,770.
How much total interest will I pay?
At 7.75% the total interest over 7 years is about ₹2,39,043, so you repay about ₹10,39,043 in all.