EMI: ₹3,321/month at 12%. Min income: ₹5,827/month.
A ₹1 Lakh bike loan from PNB at 12% interest for 3 years will cost you ₹3,321 per month as EMI. You will pay a total interest of ₹19,556 over the loan tenure. The minimum monthly income needed is ₹5,827 (assuming no existing EMIs).
PNB Bike Loan EMI for ₹1 Lakh at 12% for 3 years is ₹3,321 per month.
You need a minimum monthly income of ₹5,827 for a ₹1 Lakh bike loan from PNB (at 12% rate, assuming no existing EMIs).
The total interest payable on ₹1 Lakh bike loan from PNB at 12% for 3 years is ₹19,556.
PNB charges a processing fee of 0.75% + GST for Bike Loan.
PNB Bike Loan prepayment policy: Nil after 6 months.