EMI: ₹14,446/month at 8.75%. Min income: ₹26,266/month.
A ₹7 Lakh car loan from HDFC Bank at 8.75% interest for 5 years will cost you ₹14,446 per month as EMI. You will pay a total interest of ₹1,66,760 over the loan tenure. The minimum monthly income needed is ₹26,266 (assuming no existing EMIs).
HDFC Bank Car Loan EMI for ₹7 Lakh at 8.75% for 5 years is ₹14,446 per month.
You need a minimum monthly income of ₹26,266 for a ₹7 Lakh car loan from HDFC Bank (at 8.75% rate, assuming no existing EMIs).
The total interest payable on ₹7 Lakh car loan from HDFC Bank at 8.75% for 5 years is ₹1,66,760.
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.