EMI: ₹18,617/month at 8.85%. Min income: ₹32,662/month.
A ₹9 Lakh car loan from Bank of India at 8.85% interest for 5 years will cost you ₹18,617 per month as EMI. You will pay a total interest of ₹2,17,020 over the loan tenure. The minimum monthly income needed is ₹32,662 (assuming no existing EMIs).
Bank of India Car Loan EMI for ₹9 Lakh at 8.85% for 5 years is ₹18,617 per month.
You need a minimum monthly income of ₹32,662 for a ₹9 Lakh car loan from Bank of India (at 8.85% rate, assuming no existing EMIs).
The total interest payable on ₹9 Lakh car loan from Bank of India at 8.85% for 5 years is ₹2,17,020.
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.