EMI: ₹9,964/month at 12%. Min income: ₹16,607/month.
A ₹3 Lakh bike loan from Tata Capital at 12% interest for 3 years will cost you ₹9,964 per month as EMI. You will pay a total interest of ₹58,704 over the loan tenure. The minimum monthly income needed is ₹16,607 (assuming no existing EMIs).
Tata Capital Bike Loan EMI for ₹3 Lakh at 12% for 3 years is ₹9,964 per month.
You need a minimum monthly income of ₹16,607 for a ₹3 Lakh bike loan from Tata Capital (at 12% rate, assuming no existing EMIs).
The total interest payable on ₹3 Lakh bike loan from Tata Capital at 12% for 3 years is ₹58,704.
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.