EMI: ₹5,090/month at 13.5%. Min income: ₹9,255/month.
A ₹1.5 Lakh bike loan from Kotak Mahindra Bank at 13.5% interest for 3 years will cost you ₹5,090 per month as EMI. You will pay a total interest of ₹33,240 over the loan tenure. The minimum monthly income needed is ₹9,255 (assuming no existing EMIs).
Kotak Mahindra Bank Bike Loan EMI for ₹1.5 Lakh at 13.5% for 3 years is ₹5,090 per month.
You need a minimum monthly income of ₹9,255 for a ₹1.5 Lakh bike loan from Kotak Mahindra Bank (at 13.5% rate, assuming no existing EMIs).
The total interest payable on ₹1.5 Lakh bike loan from Kotak Mahindra Bank at 13.5% for 3 years is ₹33,240.
Kotak Mahindra Bank charges a processing fee of 1% of loan amount for Bike Loan.
Kotak Mahindra Bank Bike Loan prepayment policy: Nil after 6 months.