EMI: ₹3,394/month at 13.5%. Min income: ₹6,171/month.
A ₹1 Lakh bike loan from Kotak Mahindra Bank at 13.5% interest for 3 years will cost you ₹3,394 per month as EMI. You will pay a total interest of ₹22,184 over the loan tenure. The minimum monthly income needed is ₹6,171 (assuming no existing EMIs).
Kotak Mahindra Bank Bike Loan EMI for ₹1 Lakh at 13.5% for 3 years is ₹3,394 per month.
You need a minimum monthly income of ₹6,171 for a ₹1 Lakh bike loan from Kotak Mahindra Bank (at 13.5% rate, assuming no existing EMIs).
The total interest payable on ₹1 Lakh bike loan from Kotak Mahindra Bank at 13.5% for 3 years is ₹22,184.
Kotak Mahindra Bank charges a processing fee of 1% of loan amount for Bike Loan.
Kotak Mahindra Bank Bike Loan prepayment policy: Nil after 6 months.