EMI: ₹6,836/month at 14%. Min income: ₹11,394/month.
A ₹2 Lakh bike loan from Mahindra Finance at 14% interest for 3 years will cost you ₹6,836 per month as EMI. You will pay a total interest of ₹46,096 over the loan tenure. The minimum monthly income needed is ₹11,394 (assuming no existing EMIs).
Mahindra Finance Bike Loan EMI for ₹2 Lakh at 14% for 3 years is ₹6,836 per month.
You need a minimum monthly income of ₹11,394 for a ₹2 Lakh bike loan from Mahindra Finance (at 14% rate, assuming no existing EMIs).
The total interest payable on ₹2 Lakh bike loan from Mahindra Finance at 14% for 3 years is ₹46,096.
Mahindra Finance charges a processing fee of 2% of loan amount for Bike Loan.
Mahindra Finance Bike Loan prepayment policy: 5% of outstanding.