EMI: ₹3,418/month at 14%. Min income: ₹5,697/month.
A ₹1 Lakh bike loan from Mahindra Finance at 14% interest for 3 years will cost you ₹3,418 per month as EMI. You will pay a total interest of ₹23,048 over the loan tenure. The minimum monthly income needed is ₹5,697 (assuming no existing EMIs).
Mahindra Finance Bike Loan EMI for ₹1 Lakh at 14% for 3 years is ₹3,418 per month.
You need a minimum monthly income of ₹5,697 for a ₹1 Lakh bike loan from Mahindra Finance (at 14% rate, assuming no existing EMIs).
The total interest payable on ₹1 Lakh bike loan from Mahindra Finance at 14% for 3 years is ₹23,048.
Mahindra Finance charges a processing fee of 2% of loan amount for Bike Loan.
Mahindra Finance Bike Loan prepayment policy: 5% of outstanding.