EMI: ₹1,18,950/month at 15%. Min income: ₹2,64,334/month.
A ₹50 Lakh business loan from Hero FinCorp at 15% interest for 5 years will cost you ₹1,18,950 per month as EMI. You will pay a total interest of ₹21,37,000 over the loan tenure. The minimum monthly income needed is ₹2,64,334 (assuming no existing EMIs).
Hero FinCorp Business Loan EMI for ₹50 Lakh at 15% for 5 years is ₹1,18,950 per month.
You need a minimum monthly income of ₹2,64,334 for a ₹50 Lakh business loan from Hero FinCorp (at 15% rate, assuming no existing EMIs).
The total interest payable on ₹50 Lakh business loan from Hero FinCorp at 15% for 5 years is ₹21,37,000.
Hero FinCorp charges a processing fee of 2% + GST for Business Loan.
Hero FinCorp Business Loan prepayment policy: 4% of outstanding.