EMI: ₹31,065/month at 8.9%. Min income: ₹54,501/month.
A ₹15 Lakh car loan from Central Bank at 8.9% interest for 5 years will cost you ₹31,065 per month as EMI. You will pay a total interest of ₹3,63,900 over the loan tenure. The minimum monthly income needed is ₹54,501 (assuming no existing EMIs).
Central Bank Car Loan EMI for ₹15 Lakh at 8.9% for 5 years is ₹31,065 per month.
You need a minimum monthly income of ₹54,501 for a ₹15 Lakh car loan from Central Bank (at 8.9% rate, assuming no existing EMIs).
The total interest payable on ₹15 Lakh car loan from Central Bank at 8.9% for 5 years is ₹3,63,900.
Central Bank charges a processing fee of 0.50% + GST for Car Loan.
Central Bank Car Loan prepayment policy: Nil after 12 months.