EMI: ₹12,382/month at 8.75%. Min income: ₹22,513/month.
A ₹6 Lakh car loan from IDFC First Bank at 8.75% interest for 5 years will cost you ₹12,382 per month as EMI. You will pay a total interest of ₹1,42,920 over the loan tenure. The minimum monthly income needed is ₹22,513 (assuming no existing EMIs).
IDFC First Bank Car Loan EMI for ₹6 Lakh at 8.75% for 5 years is ₹12,382 per month.
You need a minimum monthly income of ₹22,513 for a ₹6 Lakh car loan from IDFC First Bank (at 8.75% rate, assuming no existing EMIs).
The total interest payable on ₹6 Lakh car loan from IDFC First Bank at 8.75% for 5 years is ₹1,42,920.
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.