EMI: ₹9,964/month at 12%. Min income: ₹17,481/month.
A ₹3 Lakh bike loan from PNB at 12% interest for 3 years will cost you ₹9,964 per month as EMI. You will pay a total interest of ₹58,704 over the loan tenure. The minimum monthly income needed is ₹17,481 (assuming no existing EMIs).
PNB Bike Loan EMI for ₹3 Lakh at 12% for 3 years is ₹9,964 per month.
You need a minimum monthly income of ₹17,481 for a ₹3 Lakh bike loan from PNB (at 12% rate, assuming no existing EMIs).
The total interest payable on ₹3 Lakh bike loan from PNB at 12% for 3 years is ₹58,704.
PNB charges a processing fee of 0.75% + GST for Bike Loan.
PNB Bike Loan prepayment policy: Nil after 6 months.