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Tata Capital Car Loan for ₹8 Lakh

EMI: ₹16,587/month at 8.95%. Min income: ₹27,645/month.

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Loan Parameters
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Maximum Eligible Loan
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Monthly EMI
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Total Interest
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Tata Capital Car Loan for ₹8 Lakh - Key Details

Interest Rate
8.95% p.a.
Monthly EMI
₹16,587
Total Interest
₹1,95,220
Total Payment
₹9,95,220
Min Income Required
₹27,645/mo
Processing Fee
1% of loan amount + GST

A ₹8 Lakh car loan from Tata Capital at 8.95% interest for 5 years will cost you ₹16,587 per month as EMI. You will pay a total interest of ₹1,95,220 over the loan tenure. The minimum monthly income needed is ₹27,645 (assuming no existing EMIs).

Frequently Asked Questions

What is Tata Capital car loan EMI for ₹8 Lakh?

Tata Capital Car Loan EMI for ₹8 Lakh at 8.95% for 5 years is ₹16,587 per month.

What income do I need for ₹8 Lakh car loan from Tata Capital?

You need a minimum monthly income of ₹27,645 for a ₹8 Lakh car loan from Tata Capital (at 8.95% rate, assuming no existing EMIs).

What is the total interest on ₹8 Lakh car loan from Tata Capital?

The total interest payable on ₹8 Lakh car loan from Tata Capital at 8.95% for 5 years is ₹1,95,220.

What is Tata Capital's processing fee for ₹8 Lakh car loan?

Tata Capital charges a processing fee of 1% of loan amount + GST for Car Loan.

Can I prepay my Tata Capital car loan?

Tata Capital Car Loan prepayment policy: Part prepayment allowed after 12 EMIs.

₹8 Lakh Car Loan from Other Banks

SBIFrom 8.85 - 9.55%HDFC BankFrom 8.75 - 9.50%ICICI BankFrom 8.75 - 9.60%Axis BankFrom 8.70 - 12.50%Kotak Mahindra BankFrom 8.70 - 12.00%Bank of BarodaFrom 8.65 - 10.90%PNBFrom 8.85 - 10.30%Canara BankFrom 8.75 - 10.50%Union BankFrom 8.70 - 10.70%Indian BankFrom 8.80 - 10.30%

Other Tata Capital Car Loan Amounts

₹3 LakhEMI ₹6,220/mo₹4 LakhEMI ₹8,294/mo₹5 LakhEMI ₹10,367/mo₹6 LakhEMI ₹12,440/mo₹7 LakhEMI ₹14,514/mo₹9 LakhEMI ₹18,661/mo₹10 LakhEMI ₹20,734/mo₹12 LakhEMI ₹24,881/mo