EMI: ₹30,920/month at 8.7%. Min income: ₹56,219/month.
A ₹15 Lakh car loan from Axis Bank at 8.7% interest for 5 years will cost you ₹30,920 per month as EMI. You will pay a total interest of ₹3,55,200 over the loan tenure. The minimum monthly income needed is ₹56,219 (assuming no existing EMIs).
Axis Bank Car Loan EMI for ₹15 Lakh at 8.7% for 5 years is ₹30,920 per month.
You need a minimum monthly income of ₹56,219 for a ₹15 Lakh car loan from Axis Bank (at 8.7% rate, assuming no existing EMIs).
The total interest payable on ₹15 Lakh car loan from Axis Bank at 8.7% for 5 years is ₹3,55,200.
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.