Monthly EMI: ₹24,852 at 8.9% for 5 years. Total interest: ₹2,91,120.
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With a ₹12 Lakh car loan from Central Bank at 8.9% for 5 years, you will pay a monthly EMI of ₹24,852. The total amount payable is ₹14,91,120, of which ₹2,91,120 is interest.
At 8.9% interest rate for 5 years, the EMI for ₹12 Lakh Car Loan from Central Bank is ₹24,852 per month. Total interest payable: ₹2,91,120.
Central Bank offers Car Loan at 8.90 - 10.90% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹12 Lakh at 8.9% for 5 years, you would pay approximately ₹2,91,120 as total interest, making the total repayment ₹14,91,120.
Central Bank's prepayment policy for Car Loan: Nil after 12 months. Making prepayments can significantly reduce your total interest outgo.
Central Bank offers competitive rates starting from 8.90 - 10.90% with tenure up to 7 years. Compare with other banks on this page to find the best option for your ₹12 Lakh car loan.