EMI: ₹6,213/month at 8.9%. Min income: ₹10,901/month.
A ₹3 Lakh car loan from Central Bank at 8.9% interest for 5 years will cost you ₹6,213 per month as EMI. You will pay a total interest of ₹72,780 over the loan tenure. The minimum monthly income needed is ₹10,901 (assuming no existing EMIs).
Central Bank Car Loan EMI for ₹3 Lakh at 8.9% for 5 years is ₹6,213 per month.
You need a minimum monthly income of ₹10,901 for a ₹3 Lakh car loan from Central Bank (at 8.9% rate, assuming no existing EMIs).
The total interest payable on ₹3 Lakh car loan from Central Bank at 8.9% for 5 years is ₹72,780.
Central Bank charges a processing fee of 0.50% + GST for Car Loan.
Central Bank Car Loan prepayment policy: Nil after 12 months.