EMI: ₹30,992/month at 8.8%. Min income: ₹56,350/month.
A ₹15 Lakh car loan from Federal Bank at 8.8% interest for 5 years will cost you ₹30,992 per month as EMI. You will pay a total interest of ₹3,59,520 over the loan tenure. The minimum monthly income needed is ₹56,350 (assuming no existing EMIs).
Federal Bank Car Loan EMI for ₹15 Lakh at 8.8% for 5 years is ₹30,992 per month.
You need a minimum monthly income of ₹56,350 for a ₹15 Lakh car loan from Federal Bank (at 8.8% rate, assuming no existing EMIs).
The total interest payable on ₹15 Lakh car loan from Federal Bank at 8.8% for 5 years is ₹3,59,520.
Federal Bank charges a processing fee of 0.50% + GST for Car Loan.
Federal Bank Car Loan prepayment policy: Nil after 6 months.