EMI: ₹18,552/month at 8.7%. Min income: ₹33,731/month.
A ₹9 Lakh car loan from Kotak Mahindra Bank at 8.7% interest for 5 years will cost you ₹18,552 per month as EMI. You will pay a total interest of ₹2,13,120 over the loan tenure. The minimum monthly income needed is ₹33,731 (assuming no existing EMIs).
Kotak Mahindra Bank Car Loan EMI for ₹9 Lakh at 8.7% for 5 years is ₹18,552 per month.
You need a minimum monthly income of ₹33,731 for a ₹9 Lakh car loan from Kotak Mahindra Bank (at 8.7% rate, assuming no existing EMIs).
The total interest payable on ₹9 Lakh car loan from Kotak Mahindra Bank at 8.7% for 5 years is ₹2,13,120.
Kotak Mahindra Bank charges a processing fee of 0.50% of loan amount for Car Loan.
Kotak Mahindra Bank Car Loan prepayment policy: Nil after 12 months.