EMI: ₹58,495/month at 14.25%. Min income: ₹1,46,238/month.
A ₹25 Lakh business loan from Axis Bank at 14.25% interest for 5 years will cost you ₹58,495 per month as EMI. You will pay a total interest of ₹10,09,700 over the loan tenure. The minimum monthly income needed is ₹1,46,238 (assuming no existing EMIs).
Axis Bank Business Loan EMI for ₹25 Lakh at 14.25% for 5 years is ₹58,495 per month.
You need a minimum monthly income of ₹1,46,238 for a ₹25 Lakh business loan from Axis Bank (at 14.25% rate, assuming no existing EMIs).
The total interest payable on ₹25 Lakh business loan from Axis Bank at 14.25% for 5 years is ₹10,09,700.
Axis Bank charges a processing fee of 2% of loan amount for Business Loan.
Axis Bank Business Loan prepayment policy: 4% of outstanding.