EMI: ₹6,739/month at 13%. Min income: ₹12,253/month.
A ₹2 Lakh bike loan from IDFC First Bank at 13% interest for 3 years will cost you ₹6,739 per month as EMI. You will pay a total interest of ₹42,604 over the loan tenure. The minimum monthly income needed is ₹12,253 (assuming no existing EMIs).
IDFC First Bank Bike Loan EMI for ₹2 Lakh at 13% for 3 years is ₹6,739 per month.
You need a minimum monthly income of ₹12,253 for a ₹2 Lakh bike loan from IDFC First Bank (at 13% rate, assuming no existing EMIs).
The total interest payable on ₹2 Lakh bike loan from IDFC First Bank at 13% for 3 years is ₹42,604.
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.