EMI: ₹5,004/month at 12.3%. Min income: ₹8,779/month.
A ₹1.5 Lakh bike loan from Bank of India at 12.3% interest for 3 years will cost you ₹5,004 per month as EMI. You will pay a total interest of ₹30,144 over the loan tenure. The minimum monthly income needed is ₹8,779 (assuming no existing EMIs).
Bank of India Bike Loan EMI for ₹1.5 Lakh at 12.3% for 3 years is ₹5,004 per month.
You need a minimum monthly income of ₹8,779 for a ₹1.5 Lakh bike loan from Bank of India (at 12.3% rate, assuming no existing EMIs).
The total interest payable on ₹1.5 Lakh bike loan from Bank of India at 12.3% for 3 years is ₹30,144.
Bank of India charges a processing fee of 0.50% + GST for Bike Loan.
Bank of India Bike Loan prepayment policy: Nil after 6 months.