EMI: ₹33,747/month at 12.5%. Min income: ₹84,368/month.
A ₹15 Lakh business loan from IDFC First Bank at 12.5% interest for 5 years will cost you ₹33,747 per month as EMI. You will pay a total interest of ₹5,24,820 over the loan tenure. The minimum monthly income needed is ₹84,368 (assuming no existing EMIs).
IDFC First Bank Business Loan EMI for ₹15 Lakh at 12.5% for 5 years is ₹33,747 per month.
You need a minimum monthly income of ₹84,368 for a ₹15 Lakh business loan from IDFC First Bank (at 12.5% rate, assuming no existing EMIs).
The total interest payable on ₹15 Lakh business loan from IDFC First Bank at 12.5% for 5 years is ₹5,24,820.
IDFC First Bank charges a processing fee of 2% + GST for Business Loan.
IDFC First Bank Business Loan prepayment policy: 5% of outstanding.