EMI: ₹23,528/month at 14.5%. Min income: ₹52,285/month.
A ₹10 Lakh business loan from Mahindra Finance at 14.5% interest for 5 years will cost you ₹23,528 per month as EMI. You will pay a total interest of ₹4,11,680 over the loan tenure. The minimum monthly income needed is ₹52,285 (assuming no existing EMIs).
Mahindra Finance Business Loan EMI for ₹10 Lakh at 14.5% for 5 years is ₹23,528 per month.
You need a minimum monthly income of ₹52,285 for a ₹10 Lakh business loan from Mahindra Finance (at 14.5% rate, assuming no existing EMIs).
The total interest payable on ₹10 Lakh business loan from Mahindra Finance at 14.5% for 5 years is ₹4,11,680.
Mahindra Finance charges a processing fee of 2% + GST for Business Loan.
Mahindra Finance Business Loan prepayment policy: 4% of outstanding.