EMI: ₹12,748/month at 10%. Min income: ₹21,247/month.
A ₹6 Lakh car loan from Mahindra Finance at 10% interest for 5 years will cost you ₹12,748 per month as EMI. You will pay a total interest of ₹1,64,880 over the loan tenure. The minimum monthly income needed is ₹21,247 (assuming no existing EMIs).
Mahindra Finance Car Loan EMI for ₹6 Lakh at 10% for 5 years is ₹12,748 per month.
You need a minimum monthly income of ₹21,247 for a ₹6 Lakh car loan from Mahindra Finance (at 10% rate, assuming no existing EMIs).
The total interest payable on ₹6 Lakh car loan from Mahindra Finance at 10% for 5 years is ₹1,64,880.
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.