EMI on a ₹5 lakh car loan for 5 years at 9% interest
EMI ₹10,379 per month for 5 years on ₹5,00,000 at 9% — total interest ₹1,22,751, total payment ₹6,22,751.
- Monthly EMI
- ₹10,379
- Total interest
- ₹1,22,751
- Total repayment
- ₹6,22,751
| Tenure / rate | EMI | Total interest | Total paid |
|---|---|---|---|
| 5 years | ₹10,379 | ₹1,22,751 | ₹6,22,751 |
| 10 years | ₹6,334 | ₹2,60,055 | ₹7,60,055 |
| 15 years | ₹5,071 | ₹4,12,840 | ₹9,12,840 |
| 8% | ₹10,138 | ₹1,08,292 | ₹6,08,292 |
| 8.5% | ₹10,258 | ₹1,15,496 | ₹6,15,496 |
| 9% | ₹10,379 | ₹1,22,751 | ₹6,22,751 |
| 9.5% | ₹10,501 | ₹1,30,056 | ₹6,30,056 |
| 10% | ₹10,624 | ₹1,37,411 | ₹6,37,411 |
How this is calculated
EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where r is the monthly rate (annual ÷ 12 ÷ 100) and n is the number of months.
EMI कैलकुलेटर: किसी भी लोन की सही मासिक किस्त (EMI), कुल ब्याज और कुल भुगतान जानें — वही reducing-balance फ़ॉर्मूला जो हर भारतीय बैंक इस्तेमाल करता है।
Frequently asked
What is the EMI on a ₹5 lakh car loan for 5 years at 9%?
₹10,379 per month. Over 5 years you repay ₹6,22,751 in total, of which ₹1,22,751 is interest.
How much interest will I pay on ₹5 lakh at 9% over 5 years?
₹1,22,751 — roughly 25% of the amount borrowed.
How is EMI calculated in India?
Banks use the reducing-balance method: EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1). P is the principal, r the monthly interest rate and n the number of monthly instalments. Early EMIs are mostly interest; later ones mostly principal.
Does a longer tenure reduce my EMI?
Yes, but total interest rises sharply. Doubling a home-loan tenure from 10 to 20 years typically cuts the EMI by around 30% while roughly doubling the interest paid.
Is prepayment worth it?
On floating-rate home loans RBI rules prohibit prepayment penalties for individuals, so a lump-sum prepayment early in the tenure saves the most interest. Ask Simpledot with your exact loan details for a prepayment schedule.
Figures are computed exactly from the stated inputs. Bank rates, processing fees, insurance and taxes vary — treat this as the arithmetic, not an offer. Last computed October 2026.