EMI: ₹1,673/month at 12.5%. Min income: ₹2,936/month.
A ₹50K bike loan from Central Bank at 12.5% interest for 3 years will cost you ₹1,673 per month as EMI. You will pay a total interest of ₹10,228 over the loan tenure. The minimum monthly income needed is ₹2,936 (assuming no existing EMIs).
Central Bank Bike Loan EMI for ₹50K at 12.5% for 3 years is ₹1,673 per month.
You need a minimum monthly income of ₹2,936 for a ₹50K bike loan from Central Bank (at 12.5% rate, assuming no existing EMIs).
The total interest payable on ₹50K bike loan from Central Bank at 12.5% for 3 years is ₹10,228.
Central Bank charges a processing fee of 0.50% + GST for Bike Loan.
Central Bank Bike Loan prepayment policy: Nil after 6 months.