EMI: ₹8,304/month at 12%. Min income: ₹13,840/month.
A ₹2.5 Lakh bike loan from Tata Capital 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 ₹13,840 (assuming no existing EMIs).
Tata Capital Bike Loan EMI for ₹2.5 Lakh at 12% for 3 years is ₹8,304 per month.
You need a minimum monthly income of ₹13,840 for a ₹2.5 Lakh bike loan from Tata Capital (at 12% rate, assuming no existing EMIs).
The total interest payable on ₹2.5 Lakh bike loan from Tata Capital at 12% for 3 years is ₹48,944.
Tata Capital charges a processing fee of 1.50% of loan amount for Bike Loan.
Tata Capital Bike Loan prepayment policy: Part prepayment after 12 EMIs.