EMI: ₹6,691/month at 12.5%. Min income: ₹11,739/month.
A ₹2 Lakh bike loan from Central Bank at 12.5% interest for 3 years will cost you ₹6,691 per month as EMI. You will pay a total interest of ₹40,876 over the loan tenure. The minimum monthly income needed is ₹11,739 (assuming no existing EMIs).
Central Bank Bike Loan EMI for ₹2 Lakh at 12.5% for 3 years is ₹6,691 per month.
You need a minimum monthly income of ₹11,739 for a ₹2 Lakh bike loan from Central Bank (at 12.5% rate, assuming no existing EMIs).
The total interest payable on ₹2 Lakh bike loan from Central Bank at 12.5% for 3 years is ₹40,876.
Central Bank charges a processing fee of 0.50% + GST for Bike Loan.
Central Bank Bike Loan prepayment policy: Nil after 6 months.