Monthly EMI: ₹8,236 at 8.65% for 5 years. Total interest: ₹94,160.
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With a ₹4 Lakh car loan from Bank of Baroda at 8.65% for 5 years, you will pay a monthly EMI of ₹8,236. The total amount payable is ₹4,94,160, of which ₹94,160 is interest.
At 8.65% interest rate for 5 years, the EMI for ₹4 Lakh Car Loan from Bank of Baroda is ₹8,236 per month. Total interest payable: ₹94,160.
Bank of Baroda offers Car Loan at 8.65 - 10.90% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹4 Lakh at 8.65% for 5 years, you would pay approximately ₹94,160 as total interest, making the total repayment ₹4,94,160.
Bank of Baroda's prepayment policy for Car Loan: Nil after 12 months for floating. Making prepayments can significantly reduce your total interest outgo.
Bank of Baroda offers competitive rates starting from 8.65 - 10.90% with tenure up to 7 years. Compare with other banks on this page to find the best option for your ₹4 Lakh car loan.