Monthly EMI: ₹5,054 at 13% for 3 years. Total interest: ₹31,944.
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With a ₹1.5 Lakh bike loan from IDFC First Bank at 13% for 3 years, you will pay a monthly EMI of ₹5,054. The total amount payable is ₹1,81,944, of which ₹31,944 is interest.
At 13% interest rate for 3 years, the EMI for ₹1.5 Lakh Bike Loan from IDFC First Bank is ₹5,054 per month. Total interest payable: ₹31,944.
IDFC First Bank offers Bike Loan at 13.00 - 18.00% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹1.5 Lakh at 13% for 3 years, you would pay approximately ₹31,944 as total interest, making the total repayment ₹1,81,944.
IDFC First Bank's prepayment policy for Bike Loan: 5% of outstanding. Making prepayments can significantly reduce your total interest outgo.
IDFC First Bank offers competitive rates starting from 13.00 - 18.00% with tenure up to 4 years. Compare with other banks on this page to find the best option for your ₹1.5 Lakh bike loan.