EMI: ₹18,639/month at 8.9%. Min income: ₹32,701/month.
A ₹9 Lakh car loan from Central Bank at 8.9% interest for 5 years will cost you ₹18,639 per month as EMI. You will pay a total interest of ₹2,18,340 over the loan tenure. The minimum monthly income needed is ₹32,701 (assuming no existing EMIs).
Central Bank Car Loan EMI for ₹9 Lakh at 8.9% for 5 years is ₹18,639 per month.
You need a minimum monthly income of ₹32,701 for a ₹9 Lakh car loan from Central Bank (at 8.9% rate, assuming no existing EMIs).
The total interest payable on ₹9 Lakh car loan from Central Bank at 8.9% for 5 years is ₹2,18,340.
Central Bank charges a processing fee of 0.50% + GST for Car Loan.
Central Bank Car Loan prepayment policy: Nil after 12 months.