EMI: ₹16,998/month at 10%. Min income: ₹28,330/month.
A ₹8 Lakh car loan from Mahindra Finance at 10% interest for 5 years will cost you ₹16,998 per month as EMI. You will pay a total interest of ₹2,19,880 over the loan tenure. The minimum monthly income needed is ₹28,330 (assuming no existing EMIs).
Mahindra Finance Car Loan EMI for ₹8 Lakh at 10% for 5 years is ₹16,998 per month.
You need a minimum monthly income of ₹28,330 for a ₹8 Lakh car loan from Mahindra Finance (at 10% rate, assuming no existing EMIs).
The total interest payable on ₹8 Lakh car loan from Mahindra Finance at 10% for 5 years is ₹2,19,880.
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.