EMI: ₹20,637/month at 8.75%. Min income: ₹37,522/month.
A ₹10 Lakh car loan from ICICI Bank at 8.75% interest for 5 years will cost you ₹20,637 per month as EMI. You will pay a total interest of ₹2,38,220 over the loan tenure. The minimum monthly income needed is ₹37,522 (assuming no existing EMIs).
ICICI Bank Car Loan EMI for ₹10 Lakh at 8.75% for 5 years is ₹20,637 per month.
You need a minimum monthly income of ₹37,522 for a ₹10 Lakh car loan from ICICI Bank (at 8.75% rate, assuming no existing EMIs).
The total interest payable on ₹10 Lakh car loan from ICICI Bank at 8.75% for 5 years is ₹2,38,220.
ICICI Bank charges a processing fee of 0.50% of loan amount for Car Loan.
ICICI Bank Car Loan prepayment policy: Part prepayment up to 25% annually.