Find out here how high the interest rate will be on a Rs 15 lakh car loan from HDFC Bank.

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HDFC Bank's car loan interest rate ranges between 8.5 percent to 11.80 percent. The average rate is 9.45 percent.

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processing fee is half percent of the loan amount or at least Rs 3500 to Rs 8000.

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In this, documentation charge of Rs 650 also has to be paid.

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If you take a car loan of Rs 15 lakh from HDFC Bank for five years at an interest rate of 8.5 percent, the monthly EMI can be Rs 30,775. In this, interest of Rs 346,488 will have to be paid.

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If you take a loan at the rate of 11.80 percent then the monthly EMI can be Rs 33,215. In this, interest of Rs 492,916 may have to be paid.

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If you take this loan at the rate of 8.50 percent for seven years, then the monthly EMI can be Rs 23,755. In this, interest of Rs 4,95,397 will have to be paid.

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Use these techniques to raise your credit score to 900 and avoid

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