What is the EMI for a ₹10 lakh car loan for 5 years?

For a ₹10 lakh car loan at 9% p.a. for 5 years, the EMI would be approximately ₹20,758 per month.

What factors affect car loan EMI?

Car loan EMI depends on the loan amount, interest rate, loan tenure, and the type of vehicle (new or used).

🚗 Car Loan EMI Calculator 2026

Calculate your car loan monthly installment with amortization breakdown. Rates from top banks in 2026.

Car loan rates range from 8.75% – 12% p.a. in 2026

Loan Amount

₹

₹50K₹1 Cr

Annual Interest Rate

5%20%

Loan Tenure

1 Yr7 Yr

Monthly EMI

₹0

Total Interest

₹0

Total Payment

₹0

Principal: 0%

Interest: 0%

State Bank of India 8.75%–11.25%

HDFC Bank 9.40%–11.00%

ICICI Bank 9.10%–11.00%

Bank of America 5.99%–8.49%

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⚠️ For informational purposes only. Disclaimer