EMI: ₹5,054/month at 13%. Min income: ₹9,190/month.
A ₹1.5 Lakh bike loan from IDFC First Bank at 13% interest for 3 years will cost you ₹5,054 per month as EMI. You will pay a total interest of ₹31,944 over the loan tenure. The minimum monthly income needed is ₹9,190 (assuming no existing EMIs).
IDFC First Bank Bike Loan EMI for ₹1.5 Lakh at 13% for 3 years is ₹5,054 per month.
You need a minimum monthly income of ₹9,190 for a ₹1.5 Lakh bike loan from IDFC First Bank (at 13% rate, assuming no existing EMIs).
The total interest payable on ₹1.5 Lakh bike loan from IDFC First Bank at 13% for 3 years is ₹31,944.
IDFC First Bank charges a processing fee of 2% of loan amount for Bike Loan.
IDFC First Bank Bike Loan prepayment policy: 5% of outstanding.