What is the EMI for 5 lakh car loan for 5 years?

At 9% interest, EMI for Rs.5 lakh car loan for 5 years = Rs.10,378/month. Total interest = Rs.1,22,680.

What is the EMI for 10 lakh car loan?

At 9% interest for 7 years, EMI for Rs.10 lakh car loan = Rs.15,982/month. For 5 years = Rs.20,758/month.

Is car loan interest rate higher than home loan?

Yes. Car loan interest rates are typically 8.5–12% while home loan rates are 8.4–9.9%. Used car loans have higher rates of 10–15%.

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🚗 Car Loan EMI Calculator India

Calculate car loan EMI for new and used cars. Compare EMI across all banks — SBI, HDFC, ICICI, Axis, Kotak for Maruti, Hyundai, Tata, Toyota, Honda and all car brands.

📌 Car Loan Rates 2025: New Car: SBI 8.85% · HDFC 8.75% · ICICI 9.10% · Axis 8.70% | Used Car: 10–14%

Car Loan Amount (₹)

₹

Interest Rate (% p.a.)

Loan Tenure

5 Years

💡 Car loan EMI should not exceed 15-20% of your monthly take-home salary for a comfortable financial life.

Quick Car EMI Reference

₹3L @ 9% / 3yr₹9,540/mo

₹5L @ 9% / 5yr₹10,378/mo

₹8L @ 9% / 5yr₹16,605/mo

₹12L @ 9% / 7yr₹19,178/mo

🚗 Car Loan EMI Calculator India

Car Loan EMI Calculator — New and Used Cars

New Car vs Used Car Loan EMI