EMI: ₹31,871/month at 10%. Min income: ₹53,119/month.
A ₹15 Lakh car loan from Mahindra Finance at 10% interest for 5 years will cost you ₹31,871 per month as EMI. You will pay a total interest of ₹4,12,260 over the loan tenure. The minimum monthly income needed is ₹53,119 (assuming no existing EMIs).
Mahindra Finance Car Loan EMI for ₹15 Lakh at 10% for 5 years is ₹31,871 per month.
You need a minimum monthly income of ₹53,119 for a ₹15 Lakh car loan from Mahindra Finance (at 10% rate, assuming no existing EMIs).
The total interest payable on ₹15 Lakh car loan from Mahindra Finance at 10% for 5 years is ₹4,12,260.
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.