EMI: ₹8,304/month at 12%. Min income: ₹14,569/month.
A ₹2.5 Lakh bike loan from PNB at 12% interest for 3 years will cost you ₹8,304 per month as EMI. You will pay a total interest of ₹48,944 over the loan tenure. The minimum monthly income needed is ₹14,569 (assuming no existing EMIs).
PNB Bike Loan EMI for ₹2.5 Lakh at 12% for 3 years is ₹8,304 per month.
You need a minimum monthly income of ₹14,569 for a ₹2.5 Lakh bike loan from PNB (at 12% rate, assuming no existing EMIs).
The total interest payable on ₹2.5 Lakh bike loan from PNB at 12% for 3 years is ₹48,944.
PNB charges a processing fee of 0.75% + GST for Bike Loan.
PNB Bike Loan prepayment policy: Nil after 6 months.