EMI: ₹21,247/month at 10%. Min income: ₹35,412/month.
A ₹10 Lakh car loan from Mahindra Finance at 10% interest for 5 years will cost you ₹21,247 per month as EMI. You will pay a total interest of ₹2,74,820 over the loan tenure. The minimum monthly income needed is ₹35,412 (assuming no existing EMIs).
Mahindra Finance Car Loan EMI for ₹10 Lakh at 10% for 5 years is ₹21,247 per month.
You need a minimum monthly income of ₹35,412 for a ₹10 Lakh car loan from Mahindra Finance (at 10% rate, assuming no existing EMIs).
The total interest payable on ₹10 Lakh car loan from Mahindra Finance at 10% for 5 years is ₹2,74,820.
Mahindra Finance charges a processing fee of Up to 2.50% of loan amount for Car Loan.
Mahindra Finance Car Loan prepayment policy: 5% of outstanding.