EMI: ₹25,496/month at 10%. Min income: ₹42,494/month.
A ₹12 Lakh car loan from Mahindra Finance at 10% interest for 5 years will cost you ₹25,496 per month as EMI. You will pay a total interest of ₹3,29,760 over the loan tenure. The minimum monthly income needed is ₹42,494 (assuming no existing EMIs).
Mahindra Finance Car Loan EMI for ₹12 Lakh at 10% for 5 years is ₹25,496 per month.
You need a minimum monthly income of ₹42,494 for a ₹12 Lakh car loan from Mahindra Finance (at 10% rate, assuming no existing EMIs).
The total interest payable on ₹12 Lakh car loan from Mahindra Finance at 10% for 5 years is ₹3,29,760.
Mahindra Finance charges a processing fee of Up to 2.50% of loan amount for Car Loan.
Mahindra Finance Car Loan prepayment policy: 5% of outstanding.