EMI: ₹35,292/month at 14.5%. Min income: ₹78,427/month.
A ₹15 Lakh business loan from Mahindra Finance at 14.5% interest for 5 years will cost you ₹35,292 per month as EMI. You will pay a total interest of ₹6,17,520 over the loan tenure. The minimum monthly income needed is ₹78,427 (assuming no existing EMIs).
Mahindra Finance Business Loan EMI for ₹15 Lakh at 14.5% for 5 years is ₹35,292 per month.
You need a minimum monthly income of ₹78,427 for a ₹15 Lakh business loan from Mahindra Finance (at 14.5% rate, assuming no existing EMIs).
The total interest payable on ₹15 Lakh business loan from Mahindra Finance at 14.5% for 5 years is ₹6,17,520.
Mahindra Finance charges a processing fee of 2% + GST for Business Loan.
Mahindra Finance Business Loan prepayment policy: 4% of outstanding.