login-icon
mahindra-finance-logo
login-icon
  • English
  • Hindi
  • Bengali
  • Marathi
  • Telugu
  • Tamil
  • Gujarati
  • Kannada
  • Odia
  • Malayalam
  • Punjabi

Download App

Download App

Conveniently pay your EMIs, set payment reminders, view your loan details.

|

What is the lowest EMI for car loan?

mahindra-finance-author

by Mahindra Finance

|

December 14, 2023

|

1 mins read

The lowest or minimum EMI for a car loan is ₹1,934 per month for 5 years on a loan amount of ₹1 lakh for 6% interest rate. However, the EMI amount can change based on the loan amount, loan tenure and interest rate. For calculating the EMI for your desired tenure, use the Mahindra Finance Car Loan EMI calculator. However, the EMI is subject to loan sanction and approval by the financer

Disclaimer:

This blog is for general informational and educational purposes only and does not constitute financial, legal, or investment advice, recommendations, or solicitation. The prices, rates, and financial values mentioned are approximate and subject to change due to regional differences, market fluctuations, regulatory changes, and other factors. Please consult an authorized dealer or financial advisor for accurate and up-to-date details.

The content may include forward-looking statements or projections, which are speculative and subject to risks and uncertainties. Mahindra Finance is not obligated to update these statements to reflect future changes. Any opinions or third-party contributions presented are purely informational and may not reflect the views of Mahindra Finance.

While we strive for accuracy, Mahindra Finance does not guarantee the reliability or completeness of the information provided and disclaims all liability for errors, omissions, or reliance on this content. Readers are advised to verify all details independently and seek professional advice based on their specific needs.

This information applies to Indian regulations and may not be relevant to other jurisdictions. Mahindra Finance is not liable for any direct, indirect, or consequential decisions made based on this blog.

Related articles

Tips for planning your Fixed Deposit tenure

Quick Summary Choosing the right tenure for your FD is the most important aspect since it decided when your FD will mature and how much maturity value you will be receiving. Your FD tenure directly de...

KNOW MORE

July 14, 2026

Most Affordable Automatic Cars in India

Quick Summary: There was a time when automatic cars were considered a luxury but times are changing now. With more affordable automatic cars in the market, the middle class can now fulfil their dreams...

KNOW MORE

January 16, 2026

Are You Eligible for a Small Business Loan?

Small business lending is more complicated when compared to individual loans. Such lending allows Small and Medium Enterprises (SMEs) to carry out their business operations smoothly. Often, these lo...

KNOW MORE

June 29, 2023