Monthly EMI: ₹5,163 at 14.5% for 3 years. Total interest: ₹35,868.
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With a ₹1.5 Lakh bike loan from Axis Bank at 14.5% for 3 years, you will pay a monthly EMI of ₹5,163. The total amount payable is ₹1,85,868, of which ₹35,868 is interest.
At 14.5% interest rate for 3 years, the EMI for ₹1.5 Lakh Bike Loan from Axis Bank is ₹5,163 per month. Total interest payable: ₹35,868.
Axis Bank offers Bike Loan at 14.50 - 18.00% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹1.5 Lakh at 14.5% for 3 years, you would pay approximately ₹35,868 as total interest, making the total repayment ₹1,85,868.
Axis Bank's prepayment policy for Bike Loan: Part prepayment after 6 months. Making prepayments can significantly reduce your total interest outgo.
Axis Bank offers competitive rates starting from 14.50 - 18.00% with tenure up to 5 years. Compare with other banks on this page to find the best option for your ₹1.5 Lakh bike loan.