Calculate car loan EMI for any amount and tenure. Free, instant.
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%
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Monthly EMI₹0
Total Interest Payable₹0
Total Amount Payable₹0
Principal Amount₹0
Principal 70%
Interest 30%
More info: bank rates, FAQs
Car Loan Interest Rates – All Banks 2026
| Bank | Interest Rate |
|---|---|
| SBI | 8.85% onwards |
| HDFC Bank | 9.00% onwards |
| ICICI Bank | 9.10% onwards |
| Kotak Mahindra | 7.70% onwards |
Frequently Asked Questions
What is EMI for ₹8 lakh car loan? +
For ₹8 lakh at 9.5% for 5 years, EMI is approximately ₹16,819 per month.
Can I prepay my car loan without penalty? +
Yes, RBI mandates no prepayment penalty on floating-rate car loans.