EMI: ₹8,255/month at 8.75%. Min income: ₹15,010/month.
A ₹4 Lakh car loan from IDFC First Bank at 8.75% interest for 5 years will cost you ₹8,255 per month as EMI. You will pay a total interest of ₹95,300 over the loan tenure. The minimum monthly income needed is ₹15,010 (assuming no existing EMIs).
IDFC First Bank Car Loan EMI for ₹4 Lakh at 8.75% for 5 years is ₹8,255 per month.
You need a minimum monthly income of ₹15,010 for a ₹4 Lakh car loan from IDFC First Bank (at 8.75% rate, assuming no existing EMIs).
The total interest payable on ₹4 Lakh car loan from IDFC First Bank at 8.75% for 5 years is ₹95,300.
IDFC First Bank charges a processing fee of Up to 2% of loan amount for Car Loan.
IDFC First Bank Car Loan prepayment policy: 5% of outstanding.