Check your South Indian Bank car loan eligibility. Rate: 9.00 - 12.00% p.a. Max amount: ₹50 L.
South Indian Bank offers car loan at an interest rate of 9.00 - 12.00% p.a. with a maximum tenure of 7 years. The maximum loan amount is ₹50 L with a minimum monthly income requirement of ₹20,000.
| Loan Amount | Monthly EMI | Total Interest | Min Income Required |
|---|---|---|---|
| ₹3 Lakh | ₹6,228 | ₹73,680 | ₹11,324/mo |
| ₹4 Lakh | ₹8,303 | ₹98,180 | ₹15,097/mo |
| ₹5 Lakh | ₹10,379 | ₹1,22,740 | ₹18,871/mo |
| ₹6 Lakh | ₹12,455 | ₹1,47,300 | ₹22,646/mo |
| ₹7 Lakh | ₹14,531 | ₹1,71,860 | ₹26,420/mo |
| ₹8 Lakh | ₹16,607 | ₹1,96,420 | ₹30,195/mo |
| ₹9 Lakh | ₹18,683 | ₹2,20,980 | ₹33,970/mo |
| ₹10 Lakh | ₹20,758 | ₹2,45,480 | ₹37,742/mo |
South Indian Bank Car Loan interest rate ranges from 9.00 - 12.00% p.a. in 2026. The actual rate depends on your credit score, income, and loan amount.
South Indian Bank offers a maximum car loan of ₹50 L with a tenure of up to 7 years.
The processing fee for South Indian Bank Car Loan is 0.50% + GST.
South Indian Bank Car Loan prepayment policy: Nil after 6 months.
The minimum monthly income required is ₹20,000. Use the calculator above to check your exact eligibility based on your income.