EMI: ₹11,505/month at 13.5%. Min income: ₹28,763/month.
A ₹5 Lakh business loan from ICICI Bank at 13.5% interest for 5 years will cost you ₹11,505 per month as EMI. You will pay a total interest of ₹1,90,300 over the loan tenure. The minimum monthly income needed is ₹28,763 (assuming no existing EMIs).
ICICI Bank Business Loan EMI for ₹5 Lakh at 13.5% for 5 years is ₹11,505 per month.
You need a minimum monthly income of ₹28,763 for a ₹5 Lakh business loan from ICICI Bank (at 13.5% rate, assuming no existing EMIs).
The total interest payable on ₹5 Lakh business loan from ICICI Bank at 13.5% for 5 years is ₹1,90,300.
ICICI Bank charges a processing fee of Up to 2.50% for Business Loan.
ICICI Bank Business Loan prepayment policy: 4% of outstanding.