Which Loan Is Best For Bike Loan? Bank/NBFC Interest Rate Per Annum Bajaj Auto Finance 11.60% onwards Karnataka Bank 12.45% onwards HDFC Bank 14.50% onwards State Bank of India (SBI) 16.25% onwards Which bank is best for bike EMI? Bank Interest Rate Loan Amount State Bank of India 16.25% to 18.00% p.a. Rs.30,000 to Rs.2.50
How Bike Loan Works? Bike Loan EMI Calculation Formula EMI = [P x R x (1+R)^N]/[(1+R)^N-1], P stands for the loan amount or principal, R is the interest rate per month and N is the number of monthly installments. Input necessary information such as the capital amount, rate of interest, and the tenor in months.
How Can I Get Loan For Bike? 1 – Pick a Two Wheeler Loan. Decide the brand and type of Two Wheeler Loan that is likely to serve your needs best. … 2 – Check your loan eligibility. You can check your loan eligibility in less than two minutes. … 3 – Calculate your Two