EMI: ₹8,499/month at 10%. Min income: ₹14,165/month.
A ₹4 Lakh car loan from Mahindra Finance at 10% interest for 5 years will cost you ₹8,499 per month as EMI. You will pay a total interest of ₹1,09,940 over the loan tenure. The minimum monthly income needed is ₹14,165 (assuming no existing EMIs).
Mahindra Finance Car Loan EMI for ₹4 Lakh at 10% for 5 years is ₹8,499 per month.
You need a minimum monthly income of ₹14,165 for a ₹4 Lakh car loan from Mahindra Finance (at 10% rate, assuming no existing EMIs).
The total interest payable on ₹4 Lakh car loan from Mahindra Finance at 10% for 5 years is ₹1,09,940.
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.