EMI: ₹67,494/month at 12.5%. Min income: ₹1,68,735/month.
A ₹30 Lakh business loan from IDFC First Bank at 12.5% interest for 5 years will cost you ₹67,494 per month as EMI. You will pay a total interest of ₹10,49,640 over the loan tenure. The minimum monthly income needed is ₹1,68,735 (assuming no existing EMIs).
IDFC First Bank Business Loan EMI for ₹30 Lakh at 12.5% for 5 years is ₹67,494 per month.
You need a minimum monthly income of ₹1,68,735 for a ₹30 Lakh business loan from IDFC First Bank (at 12.5% rate, assuming no existing EMIs).
The total interest payable on ₹30 Lakh business loan from IDFC First Bank at 12.5% for 5 years is ₹10,49,640.
IDFC First Bank charges a processing fee of 2% + GST for Business Loan.
IDFC First Bank Business Loan prepayment policy: 5% of outstanding.