EMI: ₹8,423/month at 13%. Min income: ₹15,315/month.
A ₹2.5 Lakh bike loan from IDFC First Bank at 13% interest for 3 years will cost you ₹8,423 per month as EMI. You will pay a total interest of ₹53,228 over the loan tenure. The minimum monthly income needed is ₹15,315 (assuming no existing EMIs).
IDFC First Bank Bike Loan EMI for ₹2.5 Lakh at 13% for 3 years is ₹8,423 per month.
You need a minimum monthly income of ₹15,315 for a ₹2.5 Lakh bike loan from IDFC First Bank (at 13% rate, assuming no existing EMIs).
The total interest payable on ₹2.5 Lakh bike loan from IDFC First Bank at 13% for 3 years is ₹53,228.
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.