IDFC FIRST Bank

IDFC FIRST Bank Car Loan

Interest from

8.85%

p.a. reducing

Loan amount

₹1 L – ₹1 Cr

secured

12–84 moTenure

2.5%Processing fee

Check Your Offer →Compare View full details

OTP-verified soft check · won’t affect your credit score · DPDP-consented

Calculate your EMI

Move the sliders to see monthly EMI, total interest, and total cost of this loan.

Loan amount₹8,00,000

Tenure5 years

Interest rate8.85%

Your actual rate depends on your credit profile, income, and employer category.

Monthly EMI

₹16,549

Total interest

₹1,92,910

Total payment

₹9,92,910

Processing fee (2.5%)

₹20,000

Total cost of this loan

✨ interest + processing fee

₹2,12,910

Interest Rate8.85% – 13.50%Floating

Max Amount₹1 Crfrom ₹1 L

Tenure1 yr – 7 yrs

Processing Fee2.5%

✓ Best for

IDFC FIRST customers wanting same-day digital disbursal with e-agreement.

Key highlights

Digital-first with e-agreement
90% on-road price financing
Part-prepayment without penalty

Total cost of this loan

For a ₹8 L loan over 5 yrs at 8.85% — your best-case scenario.

Monthly EMI: ₹16,549
Total interest: ₹1,92,910
Processing fee (2.5%): ₹20,000
Total cost: ₹2,12,910

You repay ₹10,12,910 for ₹8,00,000 borrowed.

Customize amount, tenure & rate in the EMI calculator above ↑

Rate and prepayment

This is a floating-rate loan. No prepayment penalty — you can foreclose or pre-pay any amount at any time, free of charge (RBI mandate for floating-rate individual loans).

Compare IDFC FIRST Bank with other car loan lenders

Data verified — last updated April 2026

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About IDFC FIRST Bank

Type: Bank
Established: 2015
Headquarters: Mumbai
Rating:4.2/5

Digital-first private bank. Dynamic-pricing personal loans starting at 9% APR for top CIBIL profiles.

Visit IDFC FIRST Bank website

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Car insurance is mandatory

Third-party motor insurance is required by law in India. Compare comprehensive plans that also cover own damage and roadside assistance.

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