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Union Bank of India ₹15 lakh Car Loan EMI for 7 Years
At the advertised starting rate of 7.85%, the EMI is about ₹23,267 a month, with total interest of about ₹4,54,460.
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) | ₹23,267 | ₹4,54,460 | ₹19,54,460 |
| 8.35% | ₹23,642 | ₹4,85,906 | ₹19,85,906 |
| 8.85% | ₹24,020 | ₹5,17,645 | ₹20,17,645 |
| 9.35% | ₹24,401 | ₹5,49,676 | ₹20,49,676 |
| 9.85% | ₹24,786 | ₹5,81,997 | ₹20,81,997 |
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 | ₹1,67,396 | ₹1,11,812 | ₹2,79,209 | ₹13,32,604 |
| Year 2 | ₹1,81,020 | ₹98,188 | ₹2,79,209 | ₹11,51,584 |
| Year 3 | ₹1,95,753 | ₹83,456 | ₹2,79,209 | ₹9,55,831 |
| Year 4 | ₹2,11,685 | ₹67,524 | ₹2,79,209 | ₹7,44,146 |
| Year 5 | ₹2,28,913 | ₹50,296 | ₹2,79,209 | ₹5,15,233 |
| Year 6 | ₹2,47,543 | ₹31,665 | ₹2,79,209 | ₹2,67,690 |
| Year 7 | ₹2,67,690 | ₹11,518 | ₹2,79,209 | ₹0 |
Frequently asked questions
What is the EMI for a ₹15 lakh Union Bank of India car loan for 7 years?
At Union Bank of India's starting rate of 7.85% the EMI is about ₹23,267 a month. If your offered rate is 8.85% it would be about ₹24,020.
How much total interest will I pay?
At 7.85% the total interest over 7 years is about ₹4,54,460, so you repay about ₹19,54,460 in all.