Monthly EMI: ₹5,018 at 12.5% for 3 years. Total interest: ₹30,648.
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With a ₹1.5 Lakh bike loan from SBI at 12.5% for 3 years, you will pay a monthly EMI of ₹5,018. The total amount payable is ₹1,80,648, of which ₹30,648 is interest.
At 12.5% interest rate for 3 years, the EMI for ₹1.5 Lakh Bike Loan from SBI is ₹5,018 per month. Total interest payable: ₹30,648.
SBI offers Bike Loan at 12.50 - 15.64% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹1.5 Lakh at 12.5% for 3 years, you would pay approximately ₹30,648 as total interest, making the total repayment ₹1,80,648.
SBI's prepayment policy for Bike Loan: Nil after 3 months. Making prepayments can significantly reduce your total interest outgo.
SBI offers competitive rates starting from 12.50 - 15.64% 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.