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ICICI Bank Bike Loan for ₹2 Lakh

EMI: ₹6,836/month at 14%. Min income: ₹12,430/month.

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Loan Parameters
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Eligibility Results
Maximum Eligible Loan
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Monthly EMI
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Total Interest
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Total Payment
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Monthly Income
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New Loan EMI
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ICICI Bank Bike Loan for ₹2 Lakh - Key Details

Interest Rate
14% p.a.
Monthly EMI
₹6,836
Total Interest
₹46,096
Total Payment
₹2,46,096
Min Income Required
₹12,430/mo
Processing Fee
2% of loan amount

A ₹2 Lakh bike loan from ICICI Bank at 14% interest for 3 years will cost you ₹6,836 per month as EMI. You will pay a total interest of ₹46,096 over the loan tenure. The minimum monthly income needed is ₹12,430 (assuming no existing EMIs).

Frequently Asked Questions

What is ICICI Bank bike loan EMI for ₹2 Lakh?

ICICI Bank Bike Loan EMI for ₹2 Lakh at 14% for 3 years is ₹6,836 per month.

What income do I need for ₹2 Lakh bike loan from ICICI Bank?

You need a minimum monthly income of ₹12,430 for a ₹2 Lakh bike loan from ICICI Bank (at 14% rate, assuming no existing EMIs).

What is the total interest on ₹2 Lakh bike loan from ICICI Bank?

The total interest payable on ₹2 Lakh bike loan from ICICI Bank at 14% for 3 years is ₹46,096.

What is ICICI Bank's processing fee for ₹2 Lakh bike loan?

ICICI Bank charges a processing fee of 2% of loan amount for Bike Loan.

Can I prepay my ICICI Bank bike loan?

ICICI Bank Bike Loan prepayment policy: Part prepayment after 6 months.

₹2 Lakh Bike Loan from Other Banks

SBIFrom 12.50 - 15.64%HDFC BankFrom 13.00 - 17.50%Axis BankFrom 14.50 - 18.00%Kotak Mahindra BankFrom 13.50 - 16.50%Bank of BarodaFrom 11.70 - 14.30%PNBFrom 12.00 - 14.65%Canara BankFrom 11.90 - 14.00%Union BankFrom 12.20 - 14.50%Indian BankFrom 11.80 - 14.00%IDBI BankFrom 12.50 - 15.00%

Other ICICI Bank Bike Loan Amounts

₹50KEMI ₹1,709/mo₹75KEMI ₹2,563/mo₹1 LakhEMI ₹3,418/mo₹1.5 LakhEMI ₹5,127/mo₹2.5 LakhEMI ₹8,544/mo₹3 LakhEMI ₹10,253/mo