EMI: ₹24,765/month at 8.75%. Min income: ₹45,028/month.
A ₹12 Lakh car loan from HDFC Bank at 8.75% interest for 5 years will cost you ₹24,765 per month as EMI. You will pay a total interest of ₹2,85,900 over the loan tenure. The minimum monthly income needed is ₹45,028 (assuming no existing EMIs).
HDFC Bank Car Loan EMI for ₹12 Lakh at 8.75% for 5 years is ₹24,765 per month.
You need a minimum monthly income of ₹45,028 for a ₹12 Lakh car loan from HDFC Bank (at 8.75% rate, assuming no existing EMIs).
The total interest payable on ₹12 Lakh car loan from HDFC Bank at 8.75% for 5 years is ₹2,85,900.
HDFC Bank charges a processing fee of 0.50% of loan amount for Car Loan.
HDFC Bank Car Loan prepayment policy: Part prepayment allowed after 12 months.