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Punjab National Bank ₹5 lakh Car Loan EMI for 3 Years
At the advertised starting rate of 7.9%, the EMI is about ₹15,645 a month, with total interest of about ₹63,225.
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) | ₹15,645 | ₹63,225 | ₹5,63,225 |
| 8.4% | ₹15,761 | ₹67,382 | ₹5,67,382 |
| 8.9% | ₹15,877 | ₹71,558 | ₹5,71,558 |
| 9.4% | ₹15,993 | ₹75,752 | ₹5,75,752 |
| 9.9% | ₹16,110 | ₹79,965 | ₹5,79,965 |
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 | ₹1,53,729 | ₹34,013 | ₹1,87,742 | ₹3,46,271 |
| Year 2 | ₹1,66,323 | ₹21,419 | ₹1,87,742 | ₹1,79,949 |
| Year 3 | ₹1,79,949 | ₹7,793 | ₹1,87,742 | ₹0 |
Frequently asked questions
What is the EMI for a ₹5 lakh Punjab National Bank car loan for 3 years?
At Punjab National Bank's starting rate of 7.9% the EMI is about ₹15,645 a month. If your offered rate is 8.9% it would be about ₹15,877.
How much total interest will I pay?
At 7.9% the total interest over 3 years is about ₹63,225, so you repay about ₹5,63,225 in all.