EMI: ₹8,484/month at 13.5%. Min income: ₹15,426/month.
A ₹2.5 Lakh bike loan from Kotak Mahindra Bank at 13.5% interest for 3 years will cost you ₹8,484 per month as EMI. You will pay a total interest of ₹55,424 over the loan tenure. The minimum monthly income needed is ₹15,426 (assuming no existing EMIs).
Kotak Mahindra Bank Bike Loan EMI for ₹2.5 Lakh at 13.5% for 3 years is ₹8,484 per month.
You need a minimum monthly income of ₹15,426 for a ₹2.5 Lakh bike loan from Kotak Mahindra Bank (at 13.5% rate, assuming no existing EMIs).
The total interest payable on ₹2.5 Lakh bike loan from Kotak Mahindra Bank at 13.5% for 3 years is ₹55,424.
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.