Monthly EMI: ₹16,607 at 9% for 5 years. Total interest: ₹1,96,420.
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With a ₹8 Lakh car loan from Bajaj Finserv at 9% for 5 years, you will pay a monthly EMI of ₹16,607. The total amount payable is ₹9,96,420, of which ₹1,96,420 is interest.
At 9% interest rate for 5 years, the EMI for ₹8 Lakh Car Loan from Bajaj Finserv is ₹16,607 per month. Total interest payable: ₹1,96,420.
Bajaj Finserv offers Car Loan at 9.00 - 13.00% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹8 Lakh at 9% for 5 years, you would pay approximately ₹1,96,420 as total interest, making the total repayment ₹9,96,420.
Bajaj Finserv's prepayment policy for Car Loan: Part prepayment charges apply. Making prepayments can significantly reduce your total interest outgo.
Bajaj Finserv offers competitive rates starting from 9.00 - 13.00% with tenure up to 7 years. Compare with other banks on this page to find the best option for your ₹8 Lakh car loan.