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Union Bank Bike Loan for ₹2 Lakh

EMI: ₹6,662/month at 12.2%. Min income: ₹11,688/month.

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Your Details
Income Details
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Loan Parameters
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Eligibility Results
Maximum Eligible Loan
₹ 0
Monthly EMI
₹ 0
Total Interest
₹ 0
Total Payment
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Monthly Income
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Existing EMIs
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New Loan EMI
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Remaining Income
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Union Bank Bike Loan for ₹2 Lakh - Key Details

Interest Rate
12.2% p.a.
Monthly EMI
₹6,662
Total Interest
₹39,832
Total Payment
₹2,39,832
Min Income Required
₹11,688/mo
Processing Fee
0.50% + GST

A ₹2 Lakh bike loan from Union Bank at 12.2% interest for 3 years will cost you ₹6,662 per month as EMI. You will pay a total interest of ₹39,832 over the loan tenure. The minimum monthly income needed is ₹11,688 (assuming no existing EMIs).

Frequently Asked Questions

What is Union Bank bike loan EMI for ₹2 Lakh?

Union Bank Bike Loan EMI for ₹2 Lakh at 12.2% for 3 years is ₹6,662 per month.

What income do I need for ₹2 Lakh bike loan from Union Bank?

You need a minimum monthly income of ₹11,688 for a ₹2 Lakh bike loan from Union Bank (at 12.2% rate, assuming no existing EMIs).

What is the total interest on ₹2 Lakh bike loan from Union Bank?

The total interest payable on ₹2 Lakh bike loan from Union Bank at 12.2% for 3 years is ₹39,832.

What is Union Bank's processing fee for ₹2 Lakh bike loan?

Union Bank charges a processing fee of 0.50% + GST for Bike Loan.

Can I prepay my Union Bank bike loan?

Union Bank Bike Loan prepayment policy: Nil after 6 months.

₹2 Lakh Bike Loan from Other Banks

SBIFrom 12.50 - 15.64%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%Indian BankFrom 11.80 - 14.00%IDBI BankFrom 12.50 - 15.00%

Other Union Bank Bike Loan Amounts

₹50KEMI ₹1,665/mo₹75KEMI ₹2,498/mo₹1 LakhEMI ₹3,331/mo₹1.5 LakhEMI ₹4,996/mo₹2.5 LakhEMI ₹8,327/mo₹3 LakhEMI ₹9,993/mo