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IDFC First Bank Car Loan for ₹20 Lakh

EMI: ₹41,274/month at 8.75%. Min income: ₹75,044/month.

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Your Details
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Loan Parameters
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Eligibility Results
Maximum Eligible Loan
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Monthly EMI
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Total Interest
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Total Payment
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Monthly Income
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New Loan EMI
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IDFC First Bank Car Loan for ₹20 Lakh - Key Details

Interest Rate
8.75% p.a.
Monthly EMI
₹41,274
Total Interest
₹4,76,440
Total Payment
₹24,76,440
Min Income Required
₹75,044/mo
Processing Fee
Up to 2% of loan amount

A ₹20 Lakh car loan from IDFC First Bank at 8.75% interest for 5 years will cost you ₹41,274 per month as EMI. You will pay a total interest of ₹4,76,440 over the loan tenure. The minimum monthly income needed is ₹75,044 (assuming no existing EMIs).

Frequently Asked Questions

What is IDFC First Bank car loan EMI for ₹20 Lakh?

IDFC First Bank Car Loan EMI for ₹20 Lakh at 8.75% for 5 years is ₹41,274 per month.

What income do I need for ₹20 Lakh car loan from IDFC First Bank?

You need a minimum monthly income of ₹75,044 for a ₹20 Lakh car loan from IDFC First Bank (at 8.75% rate, assuming no existing EMIs).

What is the total interest on ₹20 Lakh car loan from IDFC First Bank?

The total interest payable on ₹20 Lakh car loan from IDFC First Bank at 8.75% for 5 years is ₹4,76,440.

What is IDFC First Bank's processing fee for ₹20 Lakh car loan?

IDFC First Bank charges a processing fee of Up to 2% of loan amount for Car Loan.

Can I prepay my IDFC First Bank car loan?

IDFC First Bank Car Loan prepayment policy: 5% of outstanding.

₹20 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 IDFC First Bank Car Loan Amounts

₹3 LakhEMI ₹6,191/mo₹4 LakhEMI ₹8,255/mo₹5 LakhEMI ₹10,319/mo₹6 LakhEMI ₹12,382/mo₹7 LakhEMI ₹14,446/mo₹8 LakhEMI ₹16,510/mo₹9 LakhEMI ₹18,574/mo₹10 LakhEMI ₹20,637/mo