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Union Bank of India ₹8 lakh Car Loan EMI for 3 Years
At the advertised starting rate of 7.85%, the EMI is about ₹25,014 a month, with total interest of about ₹1,00,496.
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) | ₹25,014 | ₹1,00,496 | ₹9,00,496 |
| 8.35% | ₹25,198 | ₹1,07,145 | ₹9,07,145 |
| 8.85% | ₹25,384 | ₹1,13,823 | ₹9,13,823 |
| 9.35% | ₹25,570 | ₹1,20,531 | ₹9,20,531 |
| 9.85% | ₹25,757 | ₹1,27,268 | ₹9,27,268 |
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 | ₹2,46,094 | ₹54,071 | ₹3,00,165 | ₹5,53,906 |
| Year 2 | ₹2,66,123 | ₹34,042 | ₹3,00,165 | ₹2,87,782 |
| Year 3 | ₹2,87,782 | ₹12,383 | ₹3,00,165 | ₹0 |
Frequently asked questions
What is the EMI for a ₹8 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 ₹25,014 a month. If your offered rate is 8.85% it would be about ₹25,384.
How much total interest will I pay?
At 7.85% the total interest over 3 years is about ₹1,00,496, so you repay about ₹9,00,496 in all.