EMI: ₹24,910/month at 9%. Min income: ₹45,291/month.
A ₹12 Lakh car loan from South Indian Bank at 9% interest for 5 years will cost you ₹24,910 per month as EMI. You will pay a total interest of ₹2,94,600 over the loan tenure. The minimum monthly income needed is ₹45,291 (assuming no existing EMIs).
South Indian Bank Car Loan EMI for ₹12 Lakh at 9% for 5 years is ₹24,910 per month.
You need a minimum monthly income of ₹45,291 for a ₹12 Lakh car loan from South Indian Bank (at 9% rate, assuming no existing EMIs).
The total interest payable on ₹12 Lakh car loan from South Indian Bank at 9% for 5 years is ₹2,94,600.
South Indian Bank charges a processing fee of 0.50% + GST for Car Loan.
South Indian Bank Car Loan prepayment policy: Nil after 6 months.