EMI: ₹41,274/month at 8.75%. Min income: ₹75,044/month.
A ₹20 Lakh car loan from ICICI Bank at 8.75% interest for 5 years will cost you ₹41,274 per month as EMI. You will pay a total interest of ₹4,76,440 over the loan tenure. The minimum monthly income needed is ₹75,044 (assuming no existing EMIs).
ICICI Bank Car Loan EMI for ₹20 Lakh at 8.75% for 5 years is ₹41,274 per month.
You need a minimum monthly income of ₹75,044 for a ₹20 Lakh car loan from ICICI Bank (at 8.75% rate, assuming no existing EMIs).
The total interest payable on ₹20 Lakh car loan from ICICI Bank at 8.75% for 5 years is ₹4,76,440.
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.