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Indian Bank Car Loan for ₹5 Lakh

EMI: ₹10,331/month at 8.8%. Min income: ₹18,125/month.

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Your Details
Income Details
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₹
Loan Parameters
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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%

Indian Bank Car Loan for ₹5 Lakh - Key Details

Interest Rate
8.8% p.a.
Monthly EMI
₹10,331
Total Interest
₹1,19,860
Total Payment
₹6,19,860
Min Income Required
₹18,125/mo
Processing Fee
₹1,500 + GST

A ₹5 Lakh car loan from Indian Bank at 8.8% interest for 5 years will cost you ₹10,331 per month as EMI. You will pay a total interest of ₹1,19,860 over the loan tenure. The minimum monthly income needed is ₹18,125 (assuming no existing EMIs).

Frequently Asked Questions

What is Indian Bank car loan EMI for ₹5 Lakh?

Indian Bank Car Loan EMI for ₹5 Lakh at 8.8% for 5 years is ₹10,331 per month.

What income do I need for ₹5 Lakh car loan from Indian Bank?

You need a minimum monthly income of ₹18,125 for a ₹5 Lakh car loan from Indian Bank (at 8.8% rate, assuming no existing EMIs).

What is the total interest on ₹5 Lakh car loan from Indian Bank?

The total interest payable on ₹5 Lakh car loan from Indian Bank at 8.8% for 5 years is ₹1,19,860.

What is Indian Bank's processing fee for ₹5 Lakh car loan?

Indian Bank charges a processing fee of ₹1,500 + GST for Car Loan.

Can I prepay my Indian Bank car loan?

Indian Bank Car Loan prepayment policy: Nil after 12 months.

₹5 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%Canara BankFrom 8.75 - 10.50%Union BankFrom 8.70 - 10.70%IDBI BankFrom 8.80 - 11.00%

Other Indian Bank Car Loan Amounts

₹3 LakhEMI ₹6,198/mo₹4 LakhEMI ₹8,265/mo₹6 LakhEMI ₹12,397/mo₹7 LakhEMI ₹14,463/mo₹8 LakhEMI ₹16,529/mo₹9 LakhEMI ₹18,595/mo₹10 LakhEMI ₹20,661/mo₹12 LakhEMI ₹24,794/mo