EMI: ₹12,455/month at 9%. Min income: ₹22,646/month.
A ₹6 Lakh car loan from South Indian Bank at 9% interest for 5 years will cost you ₹12,455 per month as EMI. You will pay a total interest of ₹1,47,300 over the loan tenure. The minimum monthly income needed is ₹22,646 (assuming no existing EMIs).
South Indian Bank Car Loan EMI for ₹6 Lakh at 9% for 5 years is ₹12,455 per month.
You need a minimum monthly income of ₹22,646 for a ₹6 Lakh car loan from South Indian Bank (at 9% rate, assuming no existing EMIs).
The total interest payable on ₹6 Lakh car loan from South Indian Bank at 9% for 5 years is ₹1,47,300.
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.