EMI: ₹3,336/month at 12.3%. Min income: ₹5,853/month.
A ₹1 Lakh bike loan from Bank of India at 12.3% interest for 3 years will cost you ₹3,336 per month as EMI. You will pay a total interest of ₹20,096 over the loan tenure. The minimum monthly income needed is ₹5,853 (assuming no existing EMIs).
Bank of India Bike Loan EMI for ₹1 Lakh at 12.3% for 3 years is ₹3,336 per month.
You need a minimum monthly income of ₹5,853 for a ₹1 Lakh bike loan from Bank of India (at 12.3% rate, assuming no existing EMIs).
The total interest payable on ₹1 Lakh bike loan from Bank of India at 12.3% for 3 years is ₹20,096.
Bank of India charges a processing fee of 0.50% + GST for Bike Loan.
Bank of India Bike Loan prepayment policy: Nil after 6 months.