EMI: ₹16,510/month at 8.75%. Min income: ₹30,019/month.
A ₹8 Lakh car loan from ICICI 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 ₹30,019 (assuming no existing EMIs).
ICICI Bank Car Loan EMI for ₹8 Lakh at 8.75% for 5 years is ₹16,510 per month.
You need a minimum monthly income of ₹30,019 for a ₹8 Lakh car loan from ICICI Bank (at 8.75% rate, assuming no existing EMIs).
The total interest payable on ₹8 Lakh car loan from ICICI Bank at 8.75% for 5 years is ₹1,90,600.
ICICI Bank charges a processing fee of 0.50% of loan amount for Car Loan.
ICICI Bank Car Loan prepayment policy: Part prepayment up to 25% annually.