Monthly EMI: ₹14,446 at 8.75% for 5 years. Total interest: ₹1,66,760.
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With a ₹7 Lakh car loan from HDFC Bank at 8.75% for 5 years, you will pay a monthly EMI of ₹14,446. The total amount payable is ₹8,66,760, of which ₹1,66,760 is interest.
At 8.75% interest rate for 5 years, the EMI for ₹7 Lakh Car Loan from HDFC Bank is ₹14,446 per month. Total interest payable: ₹1,66,760.
HDFC Bank offers Car Loan at 8.75 - 9.50% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹7 Lakh at 8.75% for 5 years, you would pay approximately ₹1,66,760 as total interest, making the total repayment ₹8,66,760.
HDFC Bank's prepayment policy for Car Loan: Part prepayment allowed after 12 months. Making prepayments can significantly reduce your total interest outgo.
HDFC Bank offers competitive rates starting from 8.75 - 9.50% with tenure up to 7 years. Compare with other banks on this page to find the best option for your ₹7 Lakh car loan.