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L&T Finance Bike Loan for ₹2 Lakh

EMI: ₹6,643/month at 12%. Min income: ₹11,072/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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L&T Finance Bike Loan for ₹2 Lakh - Key Details

Interest Rate
12% p.a.
Monthly EMI
₹6,643
Total Interest
₹39,148
Total Payment
₹2,39,148
Min Income Required
₹11,072/mo
Processing Fee
2% of loan amount

A ₹2 Lakh bike loan from L&T Finance at 12% interest for 3 years will cost you ₹6,643 per month as EMI. You will pay a total interest of ₹39,148 over the loan tenure. The minimum monthly income needed is ₹11,072 (assuming no existing EMIs).

Frequently Asked Questions

What is L&T Finance bike loan EMI for ₹2 Lakh?

L&T Finance Bike Loan EMI for ₹2 Lakh at 12% for 3 years is ₹6,643 per month.

What income do I need for ₹2 Lakh bike loan from L&T Finance?

You need a minimum monthly income of ₹11,072 for a ₹2 Lakh bike loan from L&T Finance (at 12% rate, assuming no existing EMIs).

What is the total interest on ₹2 Lakh bike loan from L&T Finance?

The total interest payable on ₹2 Lakh bike loan from L&T Finance at 12% for 3 years is ₹39,148.

What is L&T Finance's processing fee for ₹2 Lakh bike loan?

L&T Finance charges a processing fee of 2% of loan amount for Bike Loan.

Can I prepay my L&T Finance bike loan?

L&T Finance Bike Loan prepayment policy: Part prepayment charges apply.

₹2 Lakh Bike Loan from Other Banks

SBIFrom 12.50 - 15.64%HDFC BankFrom 13.00 - 17.50%ICICI BankFrom 14.00 - 18.00%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%

Other L&T Finance Bike Loan Amounts

₹50KEMI ₹1,661/mo₹75KEMI ₹2,491/mo₹1 LakhEMI ₹3,321/mo₹1.5 LakhEMI ₹4,982/mo₹2.5 LakhEMI ₹8,304/mo₹3 LakhEMI ₹9,964/mo