EMI: ₹1,668/month at 12.3%. Min income: ₹2,927/month.
A ₹50K bike loan from Bank of India at 12.3% interest for 3 years will cost you ₹1,668 per month as EMI. You will pay a total interest of ₹10,048 over the loan tenure. The minimum monthly income needed is ₹2,927 (assuming no existing EMIs).
Bank of India Bike Loan EMI for ₹50K at 12.3% for 3 years is ₹1,668 per month.
You need a minimum monthly income of ₹2,927 for a ₹50K bike loan from Bank of India (at 12.3% rate, assuming no existing EMIs).
The total interest payable on ₹50K bike loan from Bank of India at 12.3% for 3 years is ₹10,048.
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.