What Is The Interest Rate For Bike Loan?

How much loan can I get on 35000 salary?

If you are taking a home loan for 35,000 salary, you can get a maximum loan amount of Rs.

20,16,481 at say an 8.5% interest rate for a tenure of 20 years.

In this situation, the home loan EMI amount you would pay is not more than Rs.


How is EMI calculated for bike?

Mathematically, EMI can be calculated using the following formula:{P x R x (1+R)^N / [(1+R)^N-1]} where, P = Principal amount of the loan, R = Rate of interest and N = Number of monthly installments.

Can I buy bike on Bajaj EMI?

Can I buy a bike with my Bajaj Finserv EMI Network card? No, you cannot buy a bike with a Bajaj Finserv EMI Network Card.

Does Bajaj Finserv provide bike loan?

It is one of the leading providers of Two-wheeler loans that comes in handy at an interest rate of 10.99% onwards. … Bajaj Finserv Two-wheeler loan can be availed only when a buyer purchases Bajaj Bikes only. The financial company does not provide loan on other bike makes and models from other manufacturers.

Can I get 30 lakh loan?

Check EMI Calculation for 30 Lakh home loan for 5, 10, 15, 20 Years or How much EMI you have to pay for 30 Lakh home loan amount per month?…30 Lakh Home Loan Interest Rates.SBI7.90 – 8.45%Axis Bank8.55% – 9.10%Bank of Baroda8.15% – 9.15%Canara Bank8.10 – 8.55%Aadhar HousingN.A4 more rows

Which bank is best for 2 wheeler loan?

Two wheeler Loan Interest Rates 2020BankLowest Interest RateProcessing feeUnion Bank of India10.30% p.a.0.50% of the loan amountCanara Bank10.45% p.a.Rs.1,000 to Rs.5,000L&T Finance10.75% p.a.At L&T discretionState Bank of India (SBI)16.45% p.aAt SBI discretion8 more rows•Aug 28, 2020

What is the EMI for 60 lakhs home loan?

60 Lakh at 9% (0.75% per month) rate of interest with tenure of 20 years (240 months). Then, EMI = [60,00,000 x 0.75% x (1+0.75%)^240]/[(1+0.75%)^ (240-1)]….FAQs.LTVProperty value90%Less than Rs. 30 Lakh80%Rs. 30 Lakh to up to Rs. 75 Lakh75%Above Rs. 75 Lakh

Can I get personal loan of 20 lakhs?

Your PAN Card will help us fetch your personal loan offer….Eligibility Criteria for Rs. 20 Lakh Personal Loan.Eligibility CriteriaRequirementsOccupationSalaried or self-employedAgeBetween 23 and 55 yearsNationalityResiding Indian citizenCIBIL score750 and above

What is the maximum tenure for bike loan?

5 yearsWe finance up to 95% of the cost We will finance up to 95% of the cost of your new motorcycle or scooter. Just pay 5% of the cost upfront and you can get a loan with tenure of up to 5 years.

What is the EMI for 20 lakhs home loan?

Housing Loan Interest CalculatorEMI for various home loan amounts15 years20 years₹ 20 Lakh₹ 17,921₹ 15,446₹ 25 Lakh₹ 22,401₹ 19,308₹ 30 Lakh₹ 26,881₹ 23,169₹ 50 Lakh₹ 44,802₹ 38,6151 more row

Can I buy two wheeler with Bajaj EMI card?

No, you cannot buy a bike with a Bajaj Finserv EMI Card.

How do I calculate interest on a loan?

Divide your interest rate by the number of payments you’ll make in the year (interest rates are expressed annually). So, for example, if you’re making monthly payments, divide by 12. 2. Multiply it by the balance of your loan, which for the first payment, will be your whole principal amount.

What is the interest rate for two wheeler loan in Bajaj Finance?

11.60%Current Bajaj Auto Finance Two wheeler Loan Interest Rates India Nov 2020Interest Rates11.60%Lowest EMI per Rs. Ten Thousand Loan Amount₹ 330Processing Fee1%Prepayment ChargesNil charges after 12 EMIsAgeBetween 21 years and 65 years2 more rows•Jan 30, 2020

Which bank is best for bike loan?

Compare Bike Loan Interest RateBankTwo Wheeler Loan Interest Rates*Lowest EMI per Rs. Ten Thousand for Max TenureHDFC Bank14.03%₹ 273 for 4 yearsPNB10.70%₹ 216 for 5 yearsBajaj Auto Finance11.60%₹ 330 for 3 yearsIndusInd Bank12.00%₹ 332 for 3 years11 more rows

How much loan can I get if my salary is 1 lakh?

For example, if you earn Rs 1 lakh and have expenses of Rs 30,000 a month, then you can easily go for a loan with Rs 40,000 EMI. But for someone with the same Rs 1 lakh salary, but having Rs 75,000 in expenses, will find the Rs 40,000 EMI unaffordable.

How much loan can I get on 27000 salary?

Bajaj Finserv Personal Loan EligibilityEligibility CriteriaSalariedSelf Employed ProfessionalsApplicant Age25 – 58 years27 – 65 yearsMinimum Eligible Income₹ 27,000 per month₹ 10 Lakh gross annual receiptsMaximum Eligible Loan10x of monthly income-Maximum Loan Amount Eligibility₹ 25 Lakh₹ 30 Lakh3 more rows•Jul 4, 2020

How much home loan can I get if my salary is 30000?

Suppose, your monthly income is ₹ 30,000 and the loan amount you are eligible for is ₹ 15 Lakh, If you add your spouse as co-applicant, earning ₹ 20,000 per month, can increase your eligibility to ₹ 25 Lakh.