EMI: ₹6,206/month at 8.85%. Min income: ₹10,888/month.
A ₹3 Lakh car loan from Bank of India at 8.85% interest for 5 years will cost you ₹6,206 per month as EMI. You will pay a total interest of ₹72,360 over the loan tenure. The minimum monthly income needed is ₹10,888 (assuming no existing EMIs).
Bank of India Car Loan EMI for ₹3 Lakh at 8.85% for 5 years is ₹6,206 per month.
You need a minimum monthly income of ₹10,888 for a ₹3 Lakh car loan from Bank of India (at 8.85% rate, assuming no existing EMIs).
The total interest payable on ₹3 Lakh car loan from Bank of India at 8.85% for 5 years is ₹72,360.
Bank of India charges a processing fee of 0.50% + GST for Car Loan.
Bank of India Car Loan prepayment policy: Nil after 12 months.