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Union Bank of India ₹10 lakh Car Loan EMI for 5 Years
At the advertised starting rate of 7.85%, the EMI is about ₹20,205 a month, with total interest of about ₹2,12,281.
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) | ₹20,205 | ₹2,12,281 | ₹12,12,281 |
| 8.35% | ₹20,444 | ₹2,26,659 | ₹12,26,659 |
| 8.85% | ₹20,686 | ₹2,41,138 | ₹12,41,138 |
| 9.35% | ₹20,929 | ₹2,55,718 | ₹12,55,718 |
| 9.85% | ₹21,173 | ₹2,70,399 | ₹12,70,399 |
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 | ₹1,69,986 | ₹72,470 | ₹2,42,456 | ₹8,30,014 |
| Year 2 | ₹1,83,820 | ₹58,636 | ₹2,42,456 | ₹6,46,194 |
| Year 3 | ₹1,98,781 | ₹43,675 | ₹2,42,456 | ₹4,47,413 |
| Year 4 | ₹2,14,959 | ₹27,497 | ₹2,42,456 | ₹2,32,454 |
| Year 5 | ₹2,32,454 | ₹10,002 | ₹2,42,456 | ₹0 |
Frequently asked questions
What is the EMI for a ₹10 lakh Union Bank of India car loan for 5 years?
At Union Bank of India's starting rate of 7.85% the EMI is about ₹20,205 a month. If your offered rate is 8.85% it would be about ₹20,686.
How much total interest will I pay?
At 7.85% the total interest over 5 years is about ₹2,12,281, so you repay about ₹12,12,281 in all.