EMI: ₹1,709/month at 14%. Min income: ₹2,849/month.
A ₹50K bike loan from Mahindra Finance at 14% interest for 3 years will cost you ₹1,709 per month as EMI. You will pay a total interest of ₹11,524 over the loan tenure. The minimum monthly income needed is ₹2,849 (assuming no existing EMIs).
Mahindra Finance Bike Loan EMI for ₹50K at 14% for 3 years is ₹1,709 per month.
You need a minimum monthly income of ₹2,849 for a ₹50K bike loan from Mahindra Finance (at 14% rate, assuming no existing EMIs).
The total interest payable on ₹50K bike loan from Mahindra Finance at 14% for 3 years is ₹11,524.
Mahindra Finance charges a processing fee of 2% of loan amount for Bike Loan.
Mahindra Finance Bike Loan prepayment policy: 5% of outstanding.