Bank of India Two wheeler Loan EMI
Lowest EMI offered by Bank of India is ? 200 per ten thousand loan amount at lowest two wheeler loan interest rate of 7.45%. Bank of India bike loan EMI calculator depends on factors like: Auto Loan Bank of India interest is an important factor which affects your EMI.
Regarding this, which type of loan is cheapest?
To know
| Car Loan Lender | Interest Rate (in per annum) |
|---|---|
| ICICI Bank | 9.30% – 12.85% |
| HDFC Bank | 7.70% – 13.55% |
| Bank of India | 7.35% – 7.95% |
| IDBI Bank | 8.10% – 8.70% |
In this regard, which bike finance is best?
Two Wheeler Loan Interest Rates for all Banks
| TWL Banks | Interest Rate | Loan Amount |
|---|---|---|
| Bank of India | 7.35% to 7.95% | NIL |
| HDFC Bank | 20.90 % | Rs.20,000 to Rs.1.5 lakh |
| Punjab National Bank | 7.4% to 7.65% | Up to Rs.1.5 lakh |
| Andhra Bank | 9.5% to 9.75% | Up to Rs.5 lakh |
Which bank is best for 2 wheeler loan?
Two wheeler Loan Interest Rates 2020
| Bank | Lowest Interest Rate | Processing fee |
|---|---|---|
| Canara Bank | 10.45% p.a. | Rs.1,000 to Rs.5,000 |
| L&T Finance | 10.75% p.a. | At L&T discretion |
| State Bank of India (SBI) | 16.45% p.a | At SBI discretion |
| HDFC Bank | 11.83% p.a. | Maximum 3% of the loan amount |
Can I buy bike on EMI?
Check Eligibility: If you have selected the bike, then you can check bike loan eligibility to buy a bike on EMI. … Calculate EMI: After checking the eligibility, you should calculate EMI. You can use Bajaj Auto Finance Two wheeler loan EMI calculator to get the estimated EMI amount that you have to pay month on month.
What is the EMI for 20 lakhs personal loan?
Formula of Calculation of EMI
| Loan amount | Interest Rate | EMI per month |
|---|---|---|
| 5 Lakh | 8.35% | Rs. 6,159 |
| 10 Lakh | 8.50% | Rs. 9,847 |
| 15 Lakh | 8.60% | Rs. 13,112 |
| 20 Lakh | 8.70% | Rs. 17,610 |
What is the cheapest way to borrow money?
Depending on your needs the cheapest way to borrow money will most likely be a personal loan or a credit card. These aren’t the only ways of getting hold of money, however. You can also use a bank current account overdraft or borrow against the value of your house.
Which bank gives cheapest housing loan?
Kotak Mahindra Bank
How can I get EMI without cost?
If you are visiting an online partner store (Amazon, Flipkart, Makemytrip, Yatra etc), choose your product on the partner site and go to checkout. Under EMI options, select ZestMoney EMI as your payment method. Choose your EMI plan (tenure) and pay.
How can I check my bike EMI?
The number 97177 52222 is their self-service call number. After giving a call to this number, it instantly gets disconnected. You then immediately receive the details regarding your loan application status on the mobile number listed with the company.
Is no cost EMI good or bad?
No–cost EMI can be a good option if the product you want to buy has a genuine discount. It is advisable not to opt for a loan to buy a product you don’t need, due to the temptation of zero–cost EMI. Also, if you get a loan to buy a product, don’t default on your EMI.
How can I take loan against my bike?
Eligibility Criteria
- Previous loan on the vehicle has to be closed for getting a new loan against RC.
- Self-Employed, students, businessmen and salaried people are eligible.
- Residence proof of borrower is required.
- Borrower should have an active bank account.
- Manufactuing year of the bike should be above 2012.
Can a student get bike loan?
Bike loan for students is unsecured, which means that the applicant doesn’t need to arrange for any security or collateral. Students can buy any bike from the loan issued. So, there are no restrictions imposed on the type of vehicle purchased from a bike loan for students.