Monthly EMI: ₹5,090 at 13.5% for 3 years. Total interest: ₹33,240.
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With a ₹1.5 Lakh bike loan from Kotak Mahindra Bank at 13.5% for 3 years, you will pay a monthly EMI of ₹5,090. The total amount payable is ₹1,83,240, of which ₹33,240 is interest.
At 13.5% interest rate for 3 years, the EMI for ₹1.5 Lakh Bike Loan from Kotak Mahindra Bank is ₹5,090 per month. Total interest payable: ₹33,240.
Kotak Mahindra Bank offers Bike Loan at 13.50 - 16.50% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹1.5 Lakh at 13.5% for 3 years, you would pay approximately ₹33,240 as total interest, making the total repayment ₹1,83,240.
Kotak Mahindra Bank's prepayment policy for Bike Loan: Nil after 6 months. Making prepayments can significantly reduce your total interest outgo.
Kotak Mahindra Bank offers competitive rates starting from 13.50 - 16.50% 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.