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Punjab National Bank ₹8 lakh Car Loan EMI for 7 Years
At the advertised starting rate of 7.9%, the EMI is about ₹12,429 a month, with total interest of about ₹2,44,049.
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) | ₹12,429 | ₹2,44,049 | ₹10,44,049 |
| 8.4% | ₹12,629 | ₹2,60,836 | ₹10,60,836 |
| 8.9% | ₹12,831 | ₹2,77,779 | ₹10,77,779 |
| 9.4% | ₹13,034 | ₹2,94,877 | ₹10,94,877 |
| 9.9% | ₹13,240 | ₹3,12,130 | ₹11,12,130 |
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 | ₹89,131 | ₹60,019 | ₹1,49,150 | ₹7,10,869 |
| Year 2 | ₹96,433 | ₹52,717 | ₹1,49,150 | ₹6,14,436 |
| Year 3 | ₹1,04,333 | ₹44,816 | ₹1,49,150 | ₹5,10,102 |
| Year 4 | ₹1,12,881 | ₹36,269 | ₹1,49,150 | ₹3,97,221 |
| Year 5 | ₹1,22,129 | ₹27,021 | ₹1,49,150 | ₹2,75,093 |
| Year 6 | ₹1,32,134 | ₹17,016 | ₹1,49,150 | ₹1,42,959 |
| Year 7 | ₹1,42,959 | ₹6,191 | ₹1,49,150 | ₹0 |
Frequently asked questions
What is the EMI for a ₹8 lakh Punjab National Bank car loan for 7 years?
At Punjab National Bank's starting rate of 7.9% the EMI is about ₹12,429 a month. If your offered rate is 8.9% it would be about ₹12,831.
How much total interest will I pay?
At 7.9% the total interest over 7 years is about ₹2,44,049, so you repay about ₹10,44,049 in all.