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Punjab National Bank ₹8 lakh Car Loan EMI for 5 Years
At the advertised starting rate of 7.9%, the EMI is about ₹16,183 a month, with total interest of about ₹1,70,971.
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) | ₹16,183 | ₹1,70,971 | ₹9,70,971 |
| 8.4% | ₹16,375 | ₹1,82,482 | ₹9,82,482 |
| 8.9% | ₹16,568 | ₹1,94,073 | ₹9,94,073 |
| 9.4% | ₹16,762 | ₹2,05,745 | ₹10,05,745 |
| 9.9% | ₹16,958 | ₹2,17,498 | ₹10,17,498 |
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 | ₹1,35,843 | ₹58,351 | ₹1,94,194 | ₹6,64,157 |
| Year 2 | ₹1,46,972 | ₹47,222 | ₹1,94,194 | ₹5,17,185 |
| Year 3 | ₹1,59,012 | ₹35,182 | ₹1,94,194 | ₹3,58,173 |
| Year 4 | ₹1,72,039 | ₹22,155 | ₹1,94,194 | ₹1,86,133 |
| Year 5 | ₹1,86,133 | ₹8,061 | ₹1,94,194 | ₹0 |
Frequently asked questions
What is the EMI for a ₹8 lakh Punjab National Bank car loan for 5 years?
At Punjab National Bank's starting rate of 7.9% the EMI is about ₹16,183 a month. If your offered rate is 8.9% it would be about ₹16,568.
How much total interest will I pay?
At 7.9% the total interest over 5 years is about ₹1,70,971, so you repay about ₹9,70,971 in all.