100% Free

SBI Bike Loan for ₹1.5 Lakh

EMI: ₹5,018/month at 12.5%. Min income: ₹8,804/month.

1
Your Details
Income Details
₹
₹
Loan Parameters
%
2
Eligibility Results
Maximum Eligible Loan
₹ 0
Monthly EMI
₹ 0
Total Interest
₹ 0
Total Payment
₹ 0
Monthly Income
₹ 0
Existing EMIs
₹ 0
0%
New Loan EMI
₹ 0
0%
Remaining Income
₹ 0
0%

SBI Bike Loan for ₹1.5 Lakh - Key Details

Interest Rate
12.5% p.a.
Monthly EMI
₹5,018
Total Interest
₹30,648
Total Payment
₹1,80,648
Min Income Required
₹8,804/mo
Processing Fee
1% of loan amount + GST

A ₹1.5 Lakh bike loan from SBI at 12.5% interest for 3 years will cost you ₹5,018 per month as EMI. You will pay a total interest of ₹30,648 over the loan tenure. The minimum monthly income needed is ₹8,804 (assuming no existing EMIs).

Frequently Asked Questions

What is SBI bike loan EMI for ₹1.5 Lakh?

SBI Bike Loan EMI for ₹1.5 Lakh at 12.5% for 3 years is ₹5,018 per month.

What income do I need for ₹1.5 Lakh bike loan from SBI?

You need a minimum monthly income of ₹8,804 for a ₹1.5 Lakh bike loan from SBI (at 12.5% rate, assuming no existing EMIs).

What is the total interest on ₹1.5 Lakh bike loan from SBI?

The total interest payable on ₹1.5 Lakh bike loan from SBI at 12.5% for 3 years is ₹30,648.

What is SBI's processing fee for ₹1.5 Lakh bike loan?

SBI charges a processing fee of 1% of loan amount + GST for Bike Loan.

Can I prepay my SBI bike loan?

SBI Bike Loan prepayment policy: Nil after 3 months.

₹1.5 Lakh Bike Loan from Other Banks

HDFC BankFrom 13.00 - 17.50%ICICI BankFrom 14.00 - 18.00%Axis BankFrom 14.50 - 18.00%Kotak Mahindra BankFrom 13.50 - 16.50%Bank of BarodaFrom 11.70 - 14.30%PNBFrom 12.00 - 14.65%Canara BankFrom 11.90 - 14.00%Union BankFrom 12.20 - 14.50%Indian BankFrom 11.80 - 14.00%IDBI BankFrom 12.50 - 15.00%

Other SBI Bike Loan Amounts

₹50KEMI ₹1,673/mo₹75KEMI ₹2,509/mo₹1 LakhEMI ₹3,345/mo₹2 LakhEMI ₹6,691/mo₹2.5 LakhEMI ₹8,363/mo₹3 LakhEMI ₹10,036/mo