EMI: ₹6,374/month at 10%. Min income: ₹10,624/month.
A ₹3 Lakh car loan from Mahindra Finance at 10% interest for 5 years will cost you ₹6,374 per month as EMI. You will pay a total interest of ₹82,440 over the loan tenure. The minimum monthly income needed is ₹10,624 (assuming no existing EMIs).
Mahindra Finance Car Loan EMI for ₹3 Lakh at 10% for 5 years is ₹6,374 per month.
You need a minimum monthly income of ₹10,624 for a ₹3 Lakh car loan from Mahindra Finance (at 10% rate, assuming no existing EMIs).
The total interest payable on ₹3 Lakh car loan from Mahindra Finance at 10% for 5 years is ₹82,440.
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.