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Punjab National Bank ₹10 lakh Car Loan EMI for 7 Years
At the advertised starting rate of 7.9%, the EMI is about ₹15,536 a month, with total interest of about ₹3,05,061.
Source: Punjab National 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 |
|---|---|---|---|
| 7.9% (starting) | ₹15,536 | ₹3,05,061 | ₹13,05,061 |
| 8.4% | ₹15,786 | ₹3,26,045 | ₹13,26,045 |
| 8.9% | ₹16,038 | ₹3,47,223 | ₹13,47,223 |
| 9.4% | ₹16,293 | ₹3,68,597 | ₹13,68,597 |
| 9.9% | ₹16,550 | ₹3,90,163 | ₹13,90,163 |
Year-by-year repayment schedule at 7.9%
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 | ₹1,11,414 | ₹75,023 | ₹1,86,437 | ₹8,88,586 |
| Year 2 | ₹1,20,542 | ₹65,896 | ₹1,86,437 | ₹7,68,044 |
| Year 3 | ₹1,30,417 | ₹56,020 | ₹1,86,437 | ₹6,37,628 |
| Year 4 | ₹1,41,101 | ₹45,336 | ₹1,86,437 | ₹4,96,526 |
| Year 5 | ₹1,52,661 | ₹33,777 | ₹1,86,437 | ₹3,43,866 |
| Year 6 | ₹1,65,167 | ₹21,270 | ₹1,86,437 | ₹1,78,698 |
| Year 7 | ₹1,78,698 | ₹7,739 | ₹1,86,437 | ₹0 |
Frequently asked questions
What is the EMI for a ₹10 lakh Punjab National Bank car loan for 7 years?
At Punjab National Bank's starting rate of 7.9% the EMI is about ₹15,536 a month. If your offered rate is 8.9% it would be about ₹16,038.
How much total interest will I pay?
At 7.9% the total interest over 7 years is about ₹3,05,061, so you repay about ₹13,05,061 in all.