EMI: ₹8,544/month at 14%. Min income: ₹14,240/month.
A ₹2.5 Lakh bike loan from Mahindra Finance at 14% interest for 3 years will cost you ₹8,544 per month as EMI. You will pay a total interest of ₹57,584 over the loan tenure. The minimum monthly income needed is ₹14,240 (assuming no existing EMIs).
Mahindra Finance Bike Loan EMI for ₹2.5 Lakh at 14% for 3 years is ₹8,544 per month.
You need a minimum monthly income of ₹14,240 for a ₹2.5 Lakh bike loan from Mahindra Finance (at 14% rate, assuming no existing EMIs).
The total interest payable on ₹2.5 Lakh bike loan from Mahindra Finance at 14% for 3 years is ₹57,584.
Mahindra Finance charges a processing fee of 2% of loan amount for Bike Loan.
Mahindra Finance Bike Loan prepayment policy: 5% of outstanding.