Monthly EMI: ₹3,345 at 12.5% for 3 years. Total interest: ₹20,420.
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With a ₹1 Lakh bike loan from Federal Bank at 12.5% for 3 years, you will pay a monthly EMI of ₹3,345. The total amount payable is ₹1,20,420, of which ₹20,420 is interest.
At 12.5% interest rate for 3 years, the EMI for ₹1 Lakh Bike Loan from Federal Bank is ₹3,345 per month. Total interest payable: ₹20,420.
Federal Bank offers Bike Loan at 12.50 - 16.00% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹1 Lakh at 12.5% for 3 years, you would pay approximately ₹20,420 as total interest, making the total repayment ₹1,20,420.
Federal Bank's prepayment policy for Bike Loan: Nil after 6 months. Making prepayments can significantly reduce your total interest outgo.
Federal Bank offers competitive rates starting from 12.50 - 16.00% with tenure up to 5 years. Compare with other banks on this page to find the best option for your ₹1 Lakh bike loan.