EMI: ₹12,426/month at 8.9%. Min income: ₹21,801/month.
A ₹6 Lakh car loan from Central Bank at 8.9% interest for 5 years will cost you ₹12,426 per month as EMI. You will pay a total interest of ₹1,45,560 over the loan tenure. The minimum monthly income needed is ₹21,801 (assuming no existing EMIs).
Central Bank Car Loan EMI for ₹6 Lakh at 8.9% for 5 years is ₹12,426 per month.
You need a minimum monthly income of ₹21,801 for a ₹6 Lakh car loan from Central Bank (at 8.9% rate, assuming no existing EMIs).
The total interest payable on ₹6 Lakh car loan from Central Bank at 8.9% for 5 years is ₹1,45,560.
Central Bank charges a processing fee of 0.50% + GST for Car Loan.
Central Bank Car Loan prepayment policy: Nil after 12 months.