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Union Bank of India ₹5 lakh Car Loan EMI for 7 Years
At the advertised starting rate of 7.85%, the EMI is about ₹7,756 a month, with total interest of about ₹1,51,487.
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) | ₹7,756 | ₹1,51,487 | ₹6,51,487 |
| 8.35% | ₹7,881 | ₹1,61,969 | ₹6,61,969 |
| 8.85% | ₹8,007 | ₹1,72,548 | ₹6,72,548 |
| 9.35% | ₹8,134 | ₹1,83,225 | ₹6,83,225 |
| 9.85% | ₹8,262 | ₹1,93,999 | ₹6,93,999 |
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 | ₹55,799 | ₹37,271 | ₹93,070 | ₹4,44,201 |
| Year 2 | ₹60,340 | ₹32,729 | ₹93,070 | ₹3,83,861 |
| Year 3 | ₹65,251 | ₹27,819 | ₹93,070 | ₹3,18,610 |
| Year 4 | ₹70,562 | ₹22,508 | ₹93,070 | ₹2,48,049 |
| Year 5 | ₹76,304 | ₹16,765 | ₹93,070 | ₹1,71,744 |
| Year 6 | ₹82,514 | ₹10,555 | ₹93,070 | ₹89,230 |
| Year 7 | ₹89,230 | ₹3,839 | ₹93,070 | ₹0 |
Frequently asked questions
What is the EMI for a ₹5 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 ₹7,756 a month. If your offered rate is 8.85% it would be about ₹8,007.
How much total interest will I pay?
At 7.85% the total interest over 7 years is about ₹1,51,487, so you repay about ₹6,51,487 in all.