EMI: ₹4,982/month at 12%. Min income: ₹8,304/month.
A ₹1.5 Lakh bike loan from Tata Capital 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 ₹8,304 (assuming no existing EMIs).
Tata Capital Bike Loan EMI for ₹1.5 Lakh at 12% for 3 years is ₹4,982 per month.
You need a minimum monthly income of ₹8,304 for a ₹1.5 Lakh bike loan from Tata Capital (at 12% rate, assuming no existing EMIs).
The total interest payable on ₹1.5 Lakh bike loan from Tata Capital at 12% for 3 years is ₹29,352.
Tata Capital charges a processing fee of 1.50% of loan amount for Bike Loan.
Tata Capital Bike Loan prepayment policy: Part prepayment after 12 EMIs.