EMI: ₹10,379/month at 9%. Min income: ₹18,871/month.
A ₹5 Lakh car loan from South Indian Bank at 9% interest for 5 years will cost you ₹10,379 per month as EMI. You will pay a total interest of ₹1,22,740 over the loan tenure. The minimum monthly income needed is ₹18,871 (assuming no existing EMIs).
South Indian Bank Car Loan EMI for ₹5 Lakh at 9% for 5 years is ₹10,379 per month.
You need a minimum monthly income of ₹18,871 for a ₹5 Lakh car loan from South Indian Bank (at 9% rate, assuming no existing EMIs).
The total interest payable on ₹5 Lakh car loan from South Indian Bank at 9% for 5 years is ₹1,22,740.
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.