EMI: ₹30,956/month at 8.75%. Min income: ₹54,309/month.
A ₹15 Lakh car loan from Canara Bank at 8.75% interest for 5 years will cost you ₹30,956 per month as EMI. You will pay a total interest of ₹3,57,360 over the loan tenure. The minimum monthly income needed is ₹54,309 (assuming no existing EMIs).
Canara Bank Car Loan EMI for ₹15 Lakh at 8.75% for 5 years is ₹30,956 per month.
You need a minimum monthly income of ₹54,309 for a ₹15 Lakh car loan from Canara Bank (at 8.75% rate, assuming no existing EMIs).
The total interest payable on ₹15 Lakh car loan from Canara Bank at 8.75% for 5 years is ₹3,57,360.
Canara Bank charges a processing fee of 0.50% + GST for Car Loan.
Canara Bank Car Loan prepayment policy: Nil after 12 months.