Monthly EMI: ₹3,369 at 13% for 3 years. Total interest: ₹21,284.
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With a ₹1 Lakh bike loan from IDFC First Bank at 13% for 3 years, you will pay a monthly EMI of ₹3,369. The total amount payable is ₹1,21,284, of which ₹21,284 is interest.
At 13% interest rate for 3 years, the EMI for ₹1 Lakh Bike Loan from IDFC First Bank is ₹3,369 per month. Total interest payable: ₹21,284.
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 Lakh at 13% for 3 years, you would pay approximately ₹21,284 as total interest, making the total repayment ₹1,21,284.
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 Lakh bike loan.