100% Free

Canara Bank Car Loan for ₹8 Lakh

EMI: ₹16,510/month at 8.75%. Min income: ₹28,965/month.

1
Your Details
Income Details
₹
₹
Loan Parameters
%
2
Eligibility Results
Maximum Eligible Loan
₹ 0
Monthly EMI
₹ 0
Total Interest
₹ 0
Total Payment
₹ 0
Monthly Income
₹ 0
Existing EMIs
₹ 0
0%
New Loan EMI
₹ 0
0%
Remaining Income
₹ 0
0%

Canara Bank Car Loan for ₹8 Lakh - Key Details

Interest Rate
8.75% p.a.
Monthly EMI
₹16,510
Total Interest
₹1,90,600
Total Payment
₹9,90,600
Min Income Required
₹28,965/mo
Processing Fee
0.50% + GST

A ₹8 Lakh car loan from Canara Bank at 8.75% interest for 5 years will cost you ₹16,510 per month as EMI. You will pay a total interest of ₹1,90,600 over the loan tenure. The minimum monthly income needed is ₹28,965 (assuming no existing EMIs).

Frequently Asked Questions

What is Canara Bank car loan EMI for ₹8 Lakh?

Canara Bank Car Loan EMI for ₹8 Lakh at 8.75% for 5 years is ₹16,510 per month.

What income do I need for ₹8 Lakh car loan from Canara Bank?

You need a minimum monthly income of ₹28,965 for a ₹8 Lakh car loan from Canara Bank (at 8.75% rate, assuming no existing EMIs).

What is the total interest on ₹8 Lakh car loan from Canara Bank?

The total interest payable on ₹8 Lakh car loan from Canara Bank at 8.75% for 5 years is ₹1,90,600.

What is Canara Bank's processing fee for ₹8 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.

₹8 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₹6 LakhEMI ₹12,382/mo₹7 LakhEMI ₹14,446/mo₹9 LakhEMI ₹18,574/mo₹10 LakhEMI ₹20,637/mo₹12 LakhEMI ₹24,765/mo