Monthly EMI: ₹12,382 at 8.75% for 5 years. Total interest: ₹1,42,920.
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With a ₹6 Lakh car loan from IDFC First Bank at 8.75% for 5 years, you will pay a monthly EMI of ₹12,382. The total amount payable is ₹7,42,920, of which ₹1,42,920 is interest.
At 8.75% interest rate for 5 years, the EMI for ₹6 Lakh Car Loan from IDFC First Bank is ₹12,382 per month. Total interest payable: ₹1,42,920.
IDFC First Bank offers Car Loan at 8.75 - 11.50% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹6 Lakh at 8.75% for 5 years, you would pay approximately ₹1,42,920 as total interest, making the total repayment ₹7,42,920.
IDFC First Bank's prepayment policy for Car Loan: 5% of outstanding. Making prepayments can significantly reduce your total interest outgo.
IDFC First Bank offers competitive rates starting from 8.75 - 11.50% with tenure up to 7 years. Compare with other banks on this page to find the best option for your ₹6 Lakh car loan.