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Canara Bank Car Loan for ₹6 Lakh

EMI: ₹12,382/month at 8.75%. Min income: ₹21,723/month.

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Your Details
Income Details
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Loan Parameters
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Eligibility Results
Maximum Eligible Loan
₹ 0
Monthly EMI
₹ 0
Total Interest
₹ 0
Total Payment
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Monthly Income
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Existing EMIs
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New Loan EMI
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Remaining Income
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Canara Bank Car Loan for ₹6 Lakh - Key Details

Interest Rate
8.75% p.a.
Monthly EMI
₹12,382
Total Interest
₹1,42,920
Total Payment
₹7,42,920
Min Income Required
₹21,723/mo
Processing Fee
0.50% + GST

A ₹6 Lakh car loan from Canara Bank at 8.75% interest for 5 years will cost you ₹12,382 per month as EMI. You will pay a total interest of ₹1,42,920 over the loan tenure. The minimum monthly income needed is ₹21,723 (assuming no existing EMIs).

Frequently Asked Questions

What is Canara Bank car loan EMI for ₹6 Lakh?

Canara Bank Car Loan EMI for ₹6 Lakh at 8.75% for 5 years is ₹12,382 per month.

What income do I need for ₹6 Lakh car loan from Canara Bank?

You need a minimum monthly income of ₹21,723 for a ₹6 Lakh car loan from Canara Bank (at 8.75% rate, assuming no existing EMIs).

What is the total interest on ₹6 Lakh car loan from Canara Bank?

The total interest payable on ₹6 Lakh car loan from Canara Bank at 8.75% for 5 years is ₹1,42,920.

What is Canara Bank's processing fee for ₹6 Lakh car loan?

Canara Bank charges a processing fee of 0.50% + GST for Car Loan.

Can I prepay my Canara Bank car loan?

Canara Bank Car Loan prepayment policy: Nil after 12 months.

₹6 Lakh Car Loan from Other Banks

SBIFrom 8.85 - 9.55%HDFC BankFrom 8.75 - 9.50%ICICI BankFrom 8.75 - 9.60%Axis BankFrom 8.70 - 12.50%Kotak Mahindra BankFrom 8.70 - 12.00%Bank of BarodaFrom 8.65 - 10.90%PNBFrom 8.85 - 10.30%Union BankFrom 8.70 - 10.70%Indian BankFrom 8.80 - 10.30%IDBI BankFrom 8.80 - 11.00%

Other Canara Bank Car Loan Amounts

₹3 LakhEMI ₹6,191/mo₹4 LakhEMI ₹8,255/mo₹5 LakhEMI ₹10,319/mo₹7 LakhEMI ₹14,446/mo₹8 LakhEMI ₹16,510/mo₹9 LakhEMI ₹18,574/mo₹10 LakhEMI ₹20,637/mo₹12 LakhEMI ₹24,765/mo