EMI: ₹3,369/month at 13%. Min income: ₹6,126/month.
A ₹1 Lakh bike loan from IDFC First Bank at 13% interest for 3 years will cost you ₹3,369 per month as EMI. You will pay a total interest of ₹21,284 over the loan tenure. The minimum monthly income needed is ₹6,126 (assuming no existing EMIs).
IDFC First Bank Bike Loan EMI for ₹1 Lakh at 13% for 3 years is ₹3,369 per month.
You need a minimum monthly income of ₹6,126 for a ₹1 Lakh bike loan from IDFC First Bank (at 13% rate, assuming no existing EMIs).
The total interest payable on ₹1 Lakh bike loan from IDFC First Bank at 13% for 3 years is ₹21,284.
IDFC First Bank charges a processing fee of 2% of loan amount for Bike Loan.
IDFC First Bank Bike Loan prepayment policy: 5% of outstanding.