EMI: ₹6,672/month at 12.3%. Min income: ₹11,706/month.
A ₹2 Lakh bike loan from Bank of India at 12.3% interest for 3 years will cost you ₹6,672 per month as EMI. You will pay a total interest of ₹40,192 over the loan tenure. The minimum monthly income needed is ₹11,706 (assuming no existing EMIs).
Bank of India Bike Loan EMI for ₹2 Lakh at 12.3% for 3 years is ₹6,672 per month.
You need a minimum monthly income of ₹11,706 for a ₹2 Lakh bike loan from Bank of India (at 12.3% rate, assuming no existing EMIs).
The total interest payable on ₹2 Lakh bike loan from Bank of India at 12.3% for 3 years is ₹40,192.
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.