EMI: ₹20,613/month at 8.7%. Min income: ₹37,479/month.
A ₹10 Lakh car loan from Axis Bank at 8.7% interest for 5 years will cost you ₹20,613 per month as EMI. You will pay a total interest of ₹2,36,780 over the loan tenure. The minimum monthly income needed is ₹37,479 (assuming no existing EMIs).
Axis Bank Car Loan EMI for ₹10 Lakh at 8.7% for 5 years is ₹20,613 per month.
You need a minimum monthly income of ₹37,479 for a ₹10 Lakh car loan from Axis Bank (at 8.7% rate, assuming no existing EMIs).
The total interest payable on ₹10 Lakh car loan from Axis Bank at 8.7% for 5 years is ₹2,36,780.
Axis Bank charges a processing fee of 0.50% of loan amount for Car Loan.
Axis Bank Car Loan prepayment policy: 5% of outstanding principal.