EMI: ₹24,852/month at 8.9%. Min income: ₹43,601/month.
A ₹12 Lakh car loan from Central Bank at 8.9% interest for 5 years will cost you ₹24,852 per month as EMI. You will pay a total interest of ₹2,91,120 over the loan tenure. The minimum monthly income needed is ₹43,601 (assuming no existing EMIs).
Central Bank Car Loan EMI for ₹12 Lakh at 8.9% for 5 years is ₹24,852 per month.
You need a minimum monthly income of ₹43,601 for a ₹12 Lakh car loan from Central Bank (at 8.9% rate, assuming no existing EMIs).
The total interest payable on ₹12 Lakh car loan from Central Bank at 8.9% for 5 years is ₹2,91,120.
Central Bank charges a processing fee of 0.50% + GST for Car Loan.
Central Bank Car Loan prepayment policy: Nil after 12 months.