EMI: ₹10,326/month at 14.5%. Min income: ₹18,775/month.
A ₹3 Lakh bike loan from Axis Bank at 14.5% interest for 3 years will cost you ₹10,326 per month as EMI. You will pay a total interest of ₹71,736 over the loan tenure. The minimum monthly income needed is ₹18,775 (assuming no existing EMIs).
Axis Bank Bike Loan EMI for ₹3 Lakh at 14.5% for 3 years is ₹10,326 per month.
You need a minimum monthly income of ₹18,775 for a ₹3 Lakh bike loan from Axis Bank (at 14.5% rate, assuming no existing EMIs).
The total interest payable on ₹3 Lakh bike loan from Axis Bank at 14.5% for 3 years is ₹71,736.
Axis Bank charges a processing fee of 1.50% of loan amount for Bike Loan.
Axis Bank Bike Loan prepayment policy: Part prepayment after 6 months.