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Punjab National Bank ₹5 lakh Car Loan EMI for 7 Years
At the advertised starting rate of 7.9%, the EMI is about ₹7,768 a month, with total interest of about ₹1,52,530.
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) | ₹7,768 | ₹1,52,530 | ₹6,52,530 |
| 8.4% | ₹7,893 | ₹1,63,022 | ₹6,63,022 |
| 8.9% | ₹8,019 | ₹1,73,612 | ₹6,73,612 |
| 9.4% | ₹8,146 | ₹1,84,298 | ₹6,84,298 |
| 9.9% | ₹8,275 | ₹1,95,082 | ₹6,95,082 |
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 | ₹55,707 | ₹37,512 | ₹93,219 | ₹4,44,293 |
| Year 2 | ₹60,271 | ₹32,948 | ₹93,219 | ₹3,84,022 |
| Year 3 | ₹65,208 | ₹28,010 | ₹93,219 | ₹3,18,814 |
| Year 4 | ₹70,551 | ₹22,668 | ₹93,219 | ₹2,48,263 |
| Year 5 | ₹76,330 | ₹16,888 | ₹93,219 | ₹1,71,933 |
| Year 6 | ₹82,584 | ₹10,635 | ₹93,219 | ₹89,349 |
| Year 7 | ₹89,349 | ₹3,869 | ₹93,219 | ₹0 |
Frequently asked questions
What is the EMI for a ₹5 lakh Punjab National Bank car loan for 7 years?
At Punjab National Bank's starting rate of 7.9% the EMI is about ₹7,768 a month. If your offered rate is 8.9% it would be about ₹8,019.
How much total interest will I pay?
At 7.9% the total interest over 7 years is about ₹1,52,530, so you repay about ₹6,52,530 in all.