EMI: ₹10,624/month at 10%. Min income: ₹17,707/month.
A ₹5 Lakh car loan from Mahindra Finance at 10% interest for 5 years will cost you ₹10,624 per month as EMI. You will pay a total interest of ₹1,37,440 over the loan tenure. The minimum monthly income needed is ₹17,707 (assuming no existing EMIs).
Mahindra Finance Car Loan EMI for ₹5 Lakh at 10% for 5 years is ₹10,624 per month.
You need a minimum monthly income of ₹17,707 for a ₹5 Lakh car loan from Mahindra Finance (at 10% rate, assuming no existing EMIs).
The total interest payable on ₹5 Lakh car loan from Mahindra Finance at 10% for 5 years is ₹1,37,440.
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.