EMI: ₹9,993/month at 12.2%. Min income: ₹17,532/month.
A ₹3 Lakh bike loan from Union Bank at 12.2% interest for 3 years will cost you ₹9,993 per month as EMI. You will pay a total interest of ₹59,748 over the loan tenure. The minimum monthly income needed is ₹17,532 (assuming no existing EMIs).
Union Bank Bike Loan EMI for ₹3 Lakh at 12.2% for 3 years is ₹9,993 per month.
You need a minimum monthly income of ₹17,532 for a ₹3 Lakh bike loan from Union Bank (at 12.2% rate, assuming no existing EMIs).
The total interest payable on ₹3 Lakh bike loan from Union Bank at 12.2% for 3 years is ₹59,748.
Union Bank charges a processing fee of 0.50% + GST for Bike Loan.
Union Bank Bike Loan prepayment policy: Nil after 6 months.