EMI: ₹10,253/month at 14%. Min income: ₹17,089/month.
A ₹3 Lakh bike loan from Mahindra Finance at 14% interest for 3 years will cost you ₹10,253 per month as EMI. You will pay a total interest of ₹69,108 over the loan tenure. The minimum monthly income needed is ₹17,089 (assuming no existing EMIs).
Mahindra Finance Bike Loan EMI for ₹3 Lakh at 14% for 3 years is ₹10,253 per month.
You need a minimum monthly income of ₹17,089 for a ₹3 Lakh bike loan from Mahindra Finance (at 14% rate, assuming no existing EMIs).
The total interest payable on ₹3 Lakh bike loan from Mahindra Finance at 14% for 3 years is ₹69,108.
Mahindra Finance charges a processing fee of 2% of loan amount for Bike Loan.
Mahindra Finance Bike Loan prepayment policy: 5% of outstanding.