Car Loan EMI Examples (₹5L, ₹10L & ₹15L)
A ₹10 lakh car loan at 9% for 5 years costs about ₹20,800 per month. Shorter tenure raises EMI but saves interest. A ₹5 lakh loan at the same rate is roughly half the EMI — run the car loan calculator with your on-road price, down payment, and dealer rate.
This guide uses India-specific examples (₹ amounts, tax and investment rules). Linked India-only calculators need INR selected in the currency menu.
Quick EMI reference (5-year tenure)
₹5L at 9%: EMI ≈ ₹10,400/month; total interest ≈ ₹1.24 lakh.
₹10L at 9%: EMI ≈ ₹20,800/month; total interest ≈ ₹2.48 lakh.
₹15L at 10%: EMI ≈ ₹31,900/month; total interest ≈ ₹4.14 lakh.
Down payment tip
Paying 20–25% upfront lowers EMI and total interest. Compare car loan vs dipping into emergency savings — keep 3–6 months of expenses untouched.