EMI: ₹11,699/month at 14.25%. Min income: ₹29,248/month.
A ₹5 Lakh business loan from Axis Bank at 14.25% interest for 5 years will cost you ₹11,699 per month as EMI. You will pay a total interest of ₹2,01,940 over the loan tenure. The minimum monthly income needed is ₹29,248 (assuming no existing EMIs).
Axis Bank Business Loan EMI for ₹5 Lakh at 14.25% for 5 years is ₹11,699 per month.
You need a minimum monthly income of ₹29,248 for a ₹5 Lakh business loan from Axis Bank (at 14.25% rate, assuming no existing EMIs).
The total interest payable on ₹5 Lakh business loan from Axis Bank at 14.25% for 5 years is ₹2,01,940.
Axis Bank charges a processing fee of 2% of loan amount for Business Loan.
Axis Bank Business Loan prepayment policy: 4% of outstanding.