EMI: ₹10,181/month at 13.5%. Min income: ₹18,511/month.
A ₹3 Lakh bike loan from Kotak Mahindra Bank at 13.5% interest for 3 years will cost you ₹10,181 per month as EMI. You will pay a total interest of ₹66,516 over the loan tenure. The minimum monthly income needed is ₹18,511 (assuming no existing EMIs).
Kotak Mahindra Bank Bike Loan EMI for ₹3 Lakh at 13.5% for 3 years is ₹10,181 per month.
You need a minimum monthly income of ₹18,511 for a ₹3 Lakh bike loan from Kotak Mahindra Bank (at 13.5% rate, assuming no existing EMIs).
The total interest payable on ₹3 Lakh bike loan from Kotak Mahindra Bank at 13.5% for 3 years is ₹66,516.
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.