Monthly EMI: ₹10,343 at 8.85% for 5 years. Total interest: ₹1,20,580.
| Year | Principal | Interest | Balance |
|---|
With a ₹5 Lakh car loan from PNB at 8.85% for 5 years, you will pay a monthly EMI of ₹10,343. The total amount payable is ₹6,20,580, of which ₹1,20,580 is interest.
At 8.85% interest rate for 5 years, the EMI for ₹5 Lakh Car Loan from PNB is ₹10,343 per month. Total interest payable: ₹1,20,580.
PNB offers Car Loan at 8.85 - 10.30% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹5 Lakh at 8.85% for 5 years, you would pay approximately ₹1,20,580 as total interest, making the total repayment ₹6,20,580.
PNB's prepayment policy for Car Loan: Nil after 12 months for floating. Making prepayments can significantly reduce your total interest outgo.
PNB offers competitive rates starting from 8.85 - 10.30% with tenure up to 7 years. Compare with other banks on this page to find the best option for your ₹5 Lakh car loan.