Monthly EMI: ₹20,807 at 9.1% for 5 years. Total interest: ₹2,48,420.
| Year | Principal | Interest | Balance |
|---|
With a ₹10 Lakh car loan from Karur Vysya Bank at 9.1% for 5 years, you will pay a monthly EMI of ₹20,807. The total amount payable is ₹12,48,420, of which ₹2,48,420 is interest.
At 9.1% interest rate for 5 years, the EMI for ₹10 Lakh Car Loan from Karur Vysya Bank is ₹20,807 per month. Total interest payable: ₹2,48,420.
Karur Vysya Bank offers Car Loan at 9.10 - 12.00% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹10 Lakh at 9.1% for 5 years, you would pay approximately ₹2,48,420 as total interest, making the total repayment ₹12,48,420.
Karur Vysya Bank's prepayment policy for Car Loan: Nil after 6 months. Making prepayments can significantly reduce your total interest outgo.
Karur Vysya Bank offers competitive rates starting from 9.10 - 12.00% with tenure up to 7 years. Compare with other banks on this page to find the best option for your ₹10 Lakh car loan.