EMI: ₹5,127/month at 14%. Min income: ₹8,545/month.
A ₹1.5 Lakh bike loan from Mahindra Finance at 14% interest for 3 years will cost you ₹5,127 per month as EMI. You will pay a total interest of ₹34,572 over the loan tenure. The minimum monthly income needed is ₹8,545 (assuming no existing EMIs).
Mahindra Finance Bike Loan EMI for ₹1.5 Lakh at 14% for 3 years is ₹5,127 per month.
You need a minimum monthly income of ₹8,545 for a ₹1.5 Lakh bike loan from Mahindra Finance (at 14% rate, assuming no existing EMIs).
The total interest payable on ₹1.5 Lakh bike loan from Mahindra Finance at 14% for 3 years is ₹34,572.
Mahindra Finance charges a processing fee of 2% of loan amount for Bike Loan.
Mahindra Finance Bike Loan prepayment policy: 5% of outstanding.