EMI: ₹34,130/month at 13%. Min income: ₹75,845/month.
A ₹15 Lakh business loan from Tata Capital at 13% interest for 5 years will cost you ₹34,130 per month as EMI. You will pay a total interest of ₹5,47,800 over the loan tenure. The minimum monthly income needed is ₹75,845 (assuming no existing EMIs).
Tata Capital Business Loan EMI for ₹15 Lakh at 13% for 5 years is ₹34,130 per month.
You need a minimum monthly income of ₹75,845 for a ₹15 Lakh business loan from Tata Capital (at 13% rate, assuming no existing EMIs).
The total interest payable on ₹15 Lakh business loan from Tata Capital at 13% for 5 years is ₹5,47,800.
Tata Capital charges a processing fee of 2% + GST for Business Loan.
Tata Capital Business Loan prepayment policy: 4% of outstanding.