EMI: ₹6,500/month at 10.5%. Min income: ₹10,834/month.
A ₹2 Lakh bike loan from Hero FinCorp at 10.5% interest for 3 years will cost you ₹6,500 per month as EMI. You will pay a total interest of ₹34,000 over the loan tenure. The minimum monthly income needed is ₹10,834 (assuming no existing EMIs).
Hero FinCorp Bike Loan EMI for ₹2 Lakh at 10.5% for 3 years is ₹6,500 per month.
You need a minimum monthly income of ₹10,834 for a ₹2 Lakh bike loan from Hero FinCorp (at 10.5% rate, assuming no existing EMIs).
The total interest payable on ₹2 Lakh bike loan from Hero FinCorp at 10.5% for 3 years is ₹34,000.
Hero FinCorp charges a processing fee of Up to 3% of loan amount for Bike Loan.
Hero FinCorp Bike Loan prepayment policy: Part prepayment charges apply.