Monthly EMI: ₹10,319 at 8.75% for 5 years. Total interest: ₹1,19,140.
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With a ₹5 Lakh car loan from ICICI Bank at 8.75% for 5 years, you will pay a monthly EMI of ₹10,319. The total amount payable is ₹6,19,140, of which ₹1,19,140 is interest.
At 8.75% interest rate for 5 years, the EMI for ₹5 Lakh Car Loan from ICICI Bank is ₹10,319 per month. Total interest payable: ₹1,19,140.
ICICI Bank offers Car Loan at 8.75 - 9.60% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹5 Lakh at 8.75% for 5 years, you would pay approximately ₹1,19,140 as total interest, making the total repayment ₹6,19,140.
ICICI Bank's prepayment policy for Car Loan: Part prepayment up to 25% annually. Making prepayments can significantly reduce your total interest outgo.
ICICI Bank offers competitive rates starting from 8.75 - 9.60% with tenure up to 7 years. Compare with other banks on this page to find the best option for your ₹5 Lakh car loan.