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Punjab National Bank ₹15 lakh Car Loan EMI for 3 Years
At the advertised starting rate of 7.9%, the EMI is about ₹46,935 a month, with total interest of about ₹1,89,674.
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) | ₹46,935 | ₹1,89,674 | ₹16,89,674 |
| 8.4% | ₹47,282 | ₹2,02,146 | ₹17,02,146 |
| 8.9% | ₹47,630 | ₹2,14,673 | ₹17,14,673 |
| 9.4% | ₹47,979 | ₹2,27,256 | ₹17,27,256 |
| 9.9% | ₹48,330 | ₹2,39,894 | ₹17,39,894 |
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 | ₹4,61,186 | ₹1,02,039 | ₹5,63,225 | ₹10,38,814 |
| Year 2 | ₹4,98,968 | ₹64,256 | ₹5,63,225 | ₹5,39,846 |
| Year 3 | ₹5,39,846 | ₹23,379 | ₹5,63,225 | ₹0 |
Frequently asked questions
What is the EMI for a ₹15 lakh Punjab National Bank car loan for 3 years?
At Punjab National Bank's starting rate of 7.9% the EMI is about ₹46,935 a month. If your offered rate is 8.9% it would be about ₹47,630.
How much total interest will I pay?
At 7.9% the total interest over 3 years is about ₹1,89,674, so you repay about ₹16,89,674 in all.