EMI: ₹10,319/month at 8.75%. Min income: ₹18,762/month.
A ₹5 Lakh car loan from HDFC Bank at 8.75% interest for 5 years will cost you ₹10,319 per month as EMI. You will pay a total interest of ₹1,19,140 over the loan tenure. The minimum monthly income needed is ₹18,762 (assuming no existing EMIs).
HDFC Bank Car Loan EMI for ₹5 Lakh at 8.75% for 5 years is ₹10,319 per month.
You need a minimum monthly income of ₹18,762 for a ₹5 Lakh car loan from HDFC Bank (at 8.75% rate, assuming no existing EMIs).
The total interest payable on ₹5 Lakh car loan from HDFC Bank at 8.75% for 5 years is ₹1,19,140.
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.