EMI: ₹20,637/month at 8.75%. Min income: ₹36,206/month.
A ₹10 Lakh car loan from Canara Bank at 8.75% interest for 5 years will cost you ₹20,637 per month as EMI. You will pay a total interest of ₹2,38,220 over the loan tenure. The minimum monthly income needed is ₹36,206 (assuming no existing EMIs).
Canara Bank Car Loan EMI for ₹10 Lakh at 8.75% for 5 years is ₹20,637 per month.
You need a minimum monthly income of ₹36,206 for a ₹10 Lakh car loan from Canara Bank (at 8.75% rate, assuming no existing EMIs).
The total interest payable on ₹10 Lakh car loan from Canara Bank at 8.75% for 5 years is ₹2,38,220.
Canara Bank charges a processing fee of 0.50% + GST for Car Loan.
Canara Bank Car Loan prepayment policy: Nil after 12 months.