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Union Bank of India ₹10 lakh Car Loan EMI for 3 Years
At the advertised starting rate of 7.85%, the EMI is about ₹31,267 a month, with total interest of about ₹1,25,620.
Source: Union 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 |
|---|---|---|---|
| 7.85% (starting) | ₹31,267 | ₹1,25,620 | ₹11,25,620 |
| 8.35% | ₹31,498 | ₹1,33,931 | ₹11,33,931 |
| 8.85% | ₹31,730 | ₹1,42,279 | ₹11,42,279 |
| 9.35% | ₹31,963 | ₹1,50,664 | ₹11,50,664 |
| 9.85% | ₹32,197 | ₹1,59,085 | ₹11,59,085 |
Year-by-year repayment schedule at 7.85%
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 | ₹3,07,618 | ₹67,589 | ₹3,75,207 | ₹6,92,382 |
| Year 2 | ₹3,32,654 | ₹42,552 | ₹3,75,207 | ₹3,59,728 |
| Year 3 | ₹3,59,728 | ₹15,479 | ₹3,75,207 | ₹0 |
Frequently asked questions
What is the EMI for a ₹10 lakh Union Bank of India car loan for 3 years?
At Union Bank of India's starting rate of 7.85% the EMI is about ₹31,267 a month. If your offered rate is 8.85% it would be about ₹31,730.
How much total interest will I pay?
At 7.85% the total interest over 3 years is about ₹1,25,620, so you repay about ₹11,25,620 in all.