EMI: ₹1,665/month at 12.2%. Min income: ₹2,922/month.
A ₹50K bike loan from Union Bank at 12.2% interest for 3 years will cost you ₹1,665 per month as EMI. You will pay a total interest of ₹9,940 over the loan tenure. The minimum monthly income needed is ₹2,922 (assuming no existing EMIs).
Union Bank Bike Loan EMI for ₹50K at 12.2% for 3 years is ₹1,665 per month.
You need a minimum monthly income of ₹2,922 for a ₹50K bike loan from Union Bank (at 12.2% rate, assuming no existing EMIs).
The total interest payable on ₹50K bike loan from Union Bank at 12.2% for 3 years is ₹9,940.
Union Bank charges a processing fee of 0.50% + GST for Bike Loan.
Union Bank Bike Loan prepayment policy: Nil after 6 months.