EMI: ₹2,502/month at 12.3%. Min income: ₹4,390/month.
A ₹75K bike loan from Bank of India at 12.3% interest for 3 years will cost you ₹2,502 per month as EMI. You will pay a total interest of ₹15,072 over the loan tenure. The minimum monthly income needed is ₹4,390 (assuming no existing EMIs).
Bank of India Bike Loan EMI for ₹75K at 12.3% for 3 years is ₹2,502 per month.
You need a minimum monthly income of ₹4,390 for a ₹75K bike loan from Bank of India (at 12.3% rate, assuming no existing EMIs).
The total interest payable on ₹75K bike loan from Bank of India at 12.3% for 3 years is ₹15,072.
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.