EMI: ₹59,475/month at 15%. Min income: ₹1,32,167/month.
A ₹25 Lakh business loan from Hero FinCorp at 15% interest for 5 years will cost you ₹59,475 per month as EMI. You will pay a total interest of ₹10,68,500 over the loan tenure. The minimum monthly income needed is ₹1,32,167 (assuming no existing EMIs).
Hero FinCorp Business Loan EMI for ₹25 Lakh at 15% for 5 years is ₹59,475 per month.
You need a minimum monthly income of ₹1,32,167 for a ₹25 Lakh business loan from Hero FinCorp (at 15% rate, assuming no existing EMIs).
The total interest payable on ₹25 Lakh business loan from Hero FinCorp at 15% for 5 years is ₹10,68,500.
Hero FinCorp charges a processing fee of 2% + GST for Business Loan.
Hero FinCorp Business Loan prepayment policy: 4% of outstanding.