Monthly EMI: ₹6,374 at 10% for 5 years. Total interest: ₹82,440.
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With a ₹3 Lakh car loan from Mahindra Finance at 10% for 5 years, you will pay a monthly EMI of ₹6,374. The total amount payable is ₹3,82,440, of which ₹82,440 is interest.
At 10% interest rate for 5 years, the EMI for ₹3 Lakh Car Loan from Mahindra Finance is ₹6,374 per month. Total interest payable: ₹82,440.
Mahindra Finance offers Car Loan at 10.00 - 18.00% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹3 Lakh at 10% for 5 years, you would pay approximately ₹82,440 as total interest, making the total repayment ₹3,82,440.
Mahindra Finance's prepayment policy for Car Loan: 5% of outstanding. Making prepayments can significantly reduce your total interest outgo.
Mahindra Finance offers competitive rates starting from 10.00 - 18.00% with tenure up to 7 years. Compare with other banks on this page to find the best option for your ₹3 Lakh car loan.