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Union Bank of India ₹8 lakh Car Loan EMI for 7 Years
At the advertised starting rate of 7.85%, the EMI is about ₹12,409 a month, with total interest of about ₹2,42,379.
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) | ₹12,409 | ₹2,42,379 | ₹10,42,379 |
| 8.35% | ₹12,609 | ₹2,59,150 | ₹10,59,150 |
| 8.85% | ₹12,810 | ₹2,76,077 | ₹10,76,077 |
| 9.35% | ₹13,014 | ₹2,93,160 | ₹10,93,160 |
| 9.85% | ₹13,219 | ₹3,10,398 | ₹11,10,398 |
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 | ₹89,278 | ₹59,633 | ₹1,48,911 | ₹7,10,722 |
| Year 2 | ₹96,544 | ₹52,367 | ₹1,48,911 | ₹6,14,178 |
| Year 3 | ₹1,04,401 | ₹44,510 | ₹1,48,911 | ₹5,09,776 |
| Year 4 | ₹1,12,898 | ₹36,013 | ₹1,48,911 | ₹3,96,878 |
| Year 5 | ₹1,22,087 | ₹26,824 | ₹1,48,911 | ₹2,74,791 |
| Year 6 | ₹1,32,023 | ₹16,888 | ₹1,48,911 | ₹1,42,768 |
| Year 7 | ₹1,42,768 | ₹6,143 | ₹1,48,911 | ₹0 |
Frequently asked questions
What is the EMI for a ₹8 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 ₹12,409 a month. If your offered rate is 8.85% it would be about ₹12,810.
How much total interest will I pay?
At 7.85% the total interest over 7 years is about ₹2,42,379, so you repay about ₹10,42,379 in all.