EMI: ₹4,982/month at 12%. Min income: ₹9,059/month.
A ₹1.5 Lakh bike loan from South Indian Bank at 12% interest for 3 years will cost you ₹4,982 per month as EMI. You will pay a total interest of ₹29,352 over the loan tenure. The minimum monthly income needed is ₹9,059 (assuming no existing EMIs).
South Indian Bank Bike Loan EMI for ₹1.5 Lakh at 12% for 3 years is ₹4,982 per month.
You need a minimum monthly income of ₹9,059 for a ₹1.5 Lakh bike loan from South Indian Bank (at 12% rate, assuming no existing EMIs).
The total interest payable on ₹1.5 Lakh bike loan from South Indian Bank at 12% for 3 years is ₹29,352.
South Indian Bank charges a processing fee of 0.50% + GST for Bike Loan.
South Indian Bank Bike Loan prepayment policy: Nil after 6 months.