IDFC FIRST Bank offers different types of car loans to its customers. Here are the types of car loans that IDFC FIRST Bank offers:
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New Car Loan: IDFC FIRST Bank offers loans for new cars up to 100% of the on-road price. The interest rate for a new car loan starts at 9.0% per annum, and the tenure can be up to 10 years.
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Pre-Owned Car Loan: IDFC FIRST Bank offers loans for pre-owned cars with interest rates starting at 9.50% per annum. The tenure for a pre-owned car loan can be up to 84 months, and the loan amount can be up to 200% of the asset value.
IDFC FIRST Bank also provides an online EMI calculator that customers can use to calculate their monthly EMI. The EMI calculator requires the loan amount, tenure, and rate of interest to give an accurate number as the monthly EMI.
