Bank of India Car Loan EMI Calculator — 9.2% Rate
Bank of India current car loan interest rate: 9.2% p.a.
For a ₹7.00 L loan over 5 years — estimated monthly EMI: ₹14,599
Pre-filled with Bank of India's current car loan rate. Adjust the sliders to match your actual loan details.
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Monthly EMI
₹14,599
5 yrs · ₹7.00 L loan
💡 Pay ₹1.5K extra/month → save ₹20.7K interest & close 1 yrs early
Monthly EMI
₹14,599
5 yrs
Total Interest
₹1.76 L
Total Payment
₹8.76 L
About Bank of India Car Loan
Bank of India offers car loans starting from 9.2% p.a. as of 2025. The EMI for a ₹7 lakh loan over 5 years at this rate is ₹14,599 per month, with total interest of ₹1.76 L.
Use the calculator above to adjust the loan amount, interest rate, and tenure to match your specific requirements. The amortization schedule shows exactly how much principal and interest you pay each year.