EMI: ₹16,607/month at 9%. Min income: ₹30,195/month.
A ₹8 Lakh car loan from South Indian Bank at 9% interest for 5 years will cost you ₹16,607 per month as EMI. You will pay a total interest of ₹1,96,420 over the loan tenure. The minimum monthly income needed is ₹30,195 (assuming no existing EMIs).
South Indian Bank Car Loan EMI for ₹8 Lakh at 9% for 5 years is ₹16,607 per month.
You need a minimum monthly income of ₹30,195 for a ₹8 Lakh car loan from South Indian Bank (at 9% rate, assuming no existing EMIs).
The total interest payable on ₹8 Lakh car loan from South Indian Bank at 9% for 5 years is ₹1,96,420.
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.