EMI: ₹8,303/month at 9%. Min income: ₹15,097/month.
A ₹4 Lakh car loan from South Indian Bank at 9% interest for 5 years will cost you ₹8,303 per month as EMI. You will pay a total interest of ₹98,180 over the loan tenure. The minimum monthly income needed is ₹15,097 (assuming no existing EMIs).
South Indian Bank Car Loan EMI for ₹4 Lakh at 9% for 5 years is ₹8,303 per month.
You need a minimum monthly income of ₹15,097 for a ₹4 Lakh car loan from South Indian Bank (at 9% rate, assuming no existing EMIs).
The total interest payable on ₹4 Lakh car loan from South Indian Bank at 9% for 5 years is ₹98,180.
South Indian Bank charges a processing fee of 0.50% + GST for Car Loan.
South Indian Bank Car Loan prepayment policy: Nil after 6 months.