EMI: ₹24,765/month at 8.75%. Min income: ₹45,028/month.
A ₹12 Lakh car loan from IDFC First Bank at 8.75% interest for 5 years will cost you ₹24,765 per month as EMI. You will pay a total interest of ₹2,85,900 over the loan tenure. The minimum monthly income needed is ₹45,028 (assuming no existing EMIs).
IDFC First Bank Car Loan EMI for ₹12 Lakh at 8.75% for 5 years is ₹24,765 per month.
You need a minimum monthly income of ₹45,028 for a ₹12 Lakh car loan from IDFC First Bank (at 8.75% rate, assuming no existing EMIs).
The total interest payable on ₹12 Lakh car loan from IDFC First Bank at 8.75% for 5 years is ₹2,85,900.
IDFC First Bank charges a processing fee of Up to 2% of loan amount for Car Loan.
IDFC First Bank Car Loan prepayment policy: 5% of outstanding.