EMI: ₹6,787/month at 13.5%. Min income: ₹12,340/month.
A ₹2 Lakh bike loan from Kotak Mahindra Bank at 13.5% interest for 3 years will cost you ₹6,787 per month as EMI. You will pay a total interest of ₹44,332 over the loan tenure. The minimum monthly income needed is ₹12,340 (assuming no existing EMIs).
Kotak Mahindra Bank Bike Loan EMI for ₹2 Lakh at 13.5% for 3 years is ₹6,787 per month.
You need a minimum monthly income of ₹12,340 for a ₹2 Lakh bike loan from Kotak Mahindra Bank (at 13.5% rate, assuming no existing EMIs).
The total interest payable on ₹2 Lakh bike loan from Kotak Mahindra Bank at 13.5% for 3 years is ₹44,332.
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.