IDFC FIRST Car Loan EMI Calculator
Calculate monthly EMIs for buying a new car with IDFC FIRST Bank auto financing starting at 8.85% p.a.
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Official Rate Formula & Benchmark:
IDFC FIRST New Car Loans finance up to 100% on-road price starting at 8.85% p.a. with tenures up to 7 years.
Current official starting rate: 8.85% p.a. (Range: 8.85% – 12.00% p.a.).
IDFC FIRST Car Loan EMI Calculator
Interactive calculation engine using official IDFC FIRST rates
Official IDFC FIRST Rate (8.85%)
₹8,00,000
₹1.00 L₹2.00 Cr
%
5.00%Published range: 8.85% - 12%20.00%
5 Years(60 mo)
1 Yr30 Yrs
Monthly EMI
₹16,549
For 5 years at 8.85% p.a. reducing balance
Principal Loan Amount₹8,00,000
Total Interest Payable₹1,92,903
Total Amount Payable₹9,92,903
Principal (80.6%)Interest (19.4%)
Calculated according to standard Indian banking methodology (Quarterly compounding for deposits, monthly reducing balance for loans).
Yearly Repayment Schedule
| Year | Principal Paid | Interest Paid | Total Paid | Balance |
|---|---|---|---|---|
| Year 1 | ₹1,33,101 | ₹65,487 | ₹1,98,588 | ₹6,66,899 |
| Year 2 | ₹1,45,370 | ₹53,218 | ₹1,98,588 | ₹5,21,529 |
| Year 3 | ₹1,58,770 | ₹39,818 | ₹1,98,588 | ₹3,62,759 |
| Year 4 | ₹1,73,406 | ₹25,182 | ₹1,98,588 | ₹1,89,353 |
| Year 5 | ₹1,89,353 | ₹9,198 | ₹1,98,551 | ₹0 |
Rate Verification & Official Notice
Verified Official Published RateLast verified:
Rate Methodology →Headline / Starting Rate
8.85% p.a.
Effective Rate Range
8.85% – 12.00% p.a.
fixed RateBenchmark Index
RBI Repo Linked / Card Rate
Applicable Conditions & Eligibility Factors:
- Up to 100% on-road funding for select profiles
- Tenure up to 7 years
Source: IDFC FIRST Car Loan Rates
Rates subject to borrower risk-grade & RBI regulatory changes.How It Works
- 1Up to 100% on-road funding for select profiles.
- 2Flexible tenures.
Key Factors Influencing Your Rate
- •CIBIL score
- •Car segment
Worked Numerical Example: IDFC FIRST Car Loan EMI Calculator
Principal₹8,00,000
Rate Applied8.85% p.a.
Tenure5 Years
Monthly EMI₹16,549
For a ₹8,00,000 loan at 8.85% p.a. for 5 years (60 months), your monthly EMI is ₹16,549, with total interest of ₹1,92,903.
Frequently Asked Questions: IDFC FIRST Car Loan EMI Calculator
- Starting rate?
- 8.85% p.a.
- Max tenure?
- Up to 7 years.