EMI: ₹10,108/month at 13%. Min income: ₹18,379/month.
A ₹3 Lakh bike loan from IDFC First Bank at 13% interest for 3 years will cost you ₹10,108 per month as EMI. You will pay a total interest of ₹63,888 over the loan tenure. The minimum monthly income needed is ₹18,379 (assuming no existing EMIs).
IDFC First Bank Bike Loan EMI for ₹3 Lakh at 13% for 3 years is ₹10,108 per month.
You need a minimum monthly income of ₹18,379 for a ₹3 Lakh bike loan from IDFC First Bank (at 13% rate, assuming no existing EMIs).
The total interest payable on ₹3 Lakh bike loan from IDFC First Bank at 13% for 3 years is ₹63,888.
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.