EMI: ₹8,255/month at 8.75%. Min income: ₹15,010/month.
A ₹4 Lakh car loan from HDFC Bank at 8.75% interest for 5 years will cost you ₹8,255 per month as EMI. You will pay a total interest of ₹95,300 over the loan tenure. The minimum monthly income needed is ₹15,010 (assuming no existing EMIs).
HDFC Bank Car Loan EMI for ₹4 Lakh at 8.75% for 5 years is ₹8,255 per month.
You need a minimum monthly income of ₹15,010 for a ₹4 Lakh car loan from HDFC Bank (at 8.75% rate, assuming no existing EMIs).
The total interest payable on ₹4 Lakh car loan from HDFC Bank at 8.75% for 5 years is ₹95,300.
HDFC Bank charges a processing fee of 0.50% of loan amount for Car Loan.
HDFC Bank Car Loan prepayment policy: Part prepayment allowed after 12 months.