EMI: ₹1,697/month at 13.5%. Min income: ₹3,086/month.
A ₹50K bike loan from Kotak Mahindra Bank at 13.5% interest for 3 years will cost you ₹1,697 per month as EMI. You will pay a total interest of ₹11,092 over the loan tenure. The minimum monthly income needed is ₹3,086 (assuming no existing EMIs).
Kotak Mahindra Bank Bike Loan EMI for ₹50K at 13.5% for 3 years is ₹1,697 per month.
You need a minimum monthly income of ₹3,086 for a ₹50K bike loan from Kotak Mahindra Bank (at 13.5% rate, assuming no existing EMIs).
The total interest payable on ₹50K bike loan from Kotak Mahindra Bank at 13.5% for 3 years is ₹11,092.
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.