EMI: ₹3,345/month at 12.5%. Min income: ₹5,869/month.
A ₹1 Lakh bike loan from Central Bank at 12.5% interest for 3 years will cost you ₹3,345 per month as EMI. You will pay a total interest of ₹20,420 over the loan tenure. The minimum monthly income needed is ₹5,869 (assuming no existing EMIs).
Central Bank Bike Loan EMI for ₹1 Lakh at 12.5% for 3 years is ₹3,345 per month.
You need a minimum monthly income of ₹5,869 for a ₹1 Lakh bike loan from Central Bank (at 12.5% rate, assuming no existing EMIs).
The total interest payable on ₹1 Lakh bike loan from Central Bank at 12.5% for 3 years is ₹20,420.
Central Bank charges a processing fee of 0.50% + GST for Bike Loan.
Central Bank Bike Loan prepayment policy: Nil after 6 months.