EMI: ₹56,245/month at 12.5%. Min income: ₹1,40,613/month.
A ₹25 Lakh business loan from IDFC First Bank at 12.5% interest for 5 years will cost you ₹56,245 per month as EMI. You will pay a total interest of ₹8,74,700 over the loan tenure. The minimum monthly income needed is ₹1,40,613 (assuming no existing EMIs).
IDFC First Bank Business Loan EMI for ₹25 Lakh at 12.5% for 5 years is ₹56,245 per month.
You need a minimum monthly income of ₹1,40,613 for a ₹25 Lakh business loan from IDFC First Bank (at 12.5% rate, assuming no existing EMIs).
The total interest payable on ₹25 Lakh business loan from IDFC First Bank at 12.5% for 5 years is ₹8,74,700.
IDFC First Bank charges a processing fee of 2% + GST for Business Loan.
IDFC First Bank Business Loan prepayment policy: 5% of outstanding.