IDFC FIRST Used Car Loan EMI Calculator
Calculate monthly instalments on second-hand passenger car financing through IDFC FIRST Bank starting at 11.75% p.a.
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Official Rate Formula & Benchmark:
IDFC FIRST Pre-Owned Car Loans provide financing up to 85% of valuation starting at 11.75% p.a. with tenures up to 5 years.
Current official starting rate: 11.75% p.a. (Range: 11.75% – 15.50% p.a.).
IDFC FIRST Used Car Loan EMI Calculator
Interactive calculation engine using official IDFC FIRST rates
Official IDFC FIRST Rate (11.75%)
₹5,00,000
₹1.00 L₹2.00 Cr
%
5.00%Published range: 11.75% - 15.5%20.00%
4 Years(48 mo)
1 Yr30 Yrs
Monthly EMI
₹13,106
For 4 years at 11.75% p.a. reducing balance
Principal Loan Amount₹5,00,000
Total Interest Payable₹1,29,065
Total Amount Payable₹6,29,065
Principal (79.5%)Interest (20.5%)
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 | ₹1,04,005 | ₹53,267 | ₹1,57,272 | ₹3,95,995 |
| Year 2 | ₹1,16,906 | ₹40,366 | ₹1,57,272 | ₹2,79,090 |
| Year 3 | ₹1,31,406 | ₹25,866 | ₹1,57,272 | ₹1,47,683 |
| Year 4 | ₹1,47,683 | ₹9,566 | ₹1,57,249 | ₹0 |
Rate Verification & Official Notice
Verified Official Published RateLast verified:
Rate Methodology →Headline / Starting Rate
11.75% p.a.
Effective Rate Range
11.75% – 15.50% p.a.
fixed RateBenchmark Index
RBI Repo Linked / Card Rate
Applicable Conditions & Eligibility Factors:
- Finances up to 85% of valuation
- Up to 5 years tenure
Source: IDFC FIRST Pre-Owned Car Loan Schedule
Rates subject to borrower risk-grade & RBI regulatory changes.How It Works
- 1Finances up to 85% of valuation.
- 2Up to 5 years tenure.
Key Factors Influencing Your Rate
- •Car manufacturing year
- •Certified dealer valuation
Worked Numerical Example: IDFC FIRST Used Car Loan EMI Calculator
Principal₹5,00,000
Rate Applied11.75% p.a.
Tenure4 Years
Monthly EMI₹13,106
For a ₹5,00,000 loan at 11.75% p.a. for 4 years (48 months), your monthly EMI is ₹13,106, with total interest of ₹1,29,065.
Frequently Asked Questions: IDFC FIRST Used Car Loan EMI Calculator
- Max age of used car?
- Up to 10 years at loan maturity.
- Starting rate?
- Starts from 11.75% p.a.