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State Bank of India ₹5 lakh Car Loan EMI for 5 Years
At the advertised starting rate of 8.55%, the EMI is about ₹10,270 a month, with total interest of about ₹1,16,219.
Source: State Bank of India 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 |
|---|---|---|---|
| 8.55% (starting) | ₹10,270 | ₹1,16,219 | ₹6,16,219 |
| 9.05% | ₹10,391 | ₹1,23,479 | ₹6,23,479 |
| 9.55% | ₹10,513 | ₹1,30,789 | ₹6,30,789 |
| 10.05% | ₹10,636 | ₹1,38,150 | ₹6,38,150 |
| 10.55% | ₹10,759 | ₹1,45,560 | ₹6,45,560 |
Year-by-year repayment schedule at 8.55%
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 | ₹83,724 | ₹39,520 | ₹1,23,244 | ₹4,16,276 |
| Year 2 | ₹91,170 | ₹32,074 | ₹1,23,244 | ₹3,25,106 |
| Year 3 | ₹99,278 | ₹23,966 | ₹1,23,244 | ₹2,25,828 |
| Year 4 | ₹1,08,107 | ₹15,137 | ₹1,23,244 | ₹1,17,721 |
| Year 5 | ₹1,17,721 | ₹5,523 | ₹1,23,244 | ₹0 |
Frequently asked questions
What is the EMI for a ₹5 lakh State Bank of India car loan for 5 years?
At State Bank of India's starting rate of 8.55% the EMI is about ₹10,270 a month. If your offered rate is 9.55% it would be about ₹10,513.
How much total interest will I pay?
At 8.55% the total interest over 5 years is about ₹1,16,219, so you repay about ₹6,16,219 in all.