EMI: ₹35,097/month at 14.25%. Min income: ₹87,743/month.
A ₹15 Lakh business loan from Axis Bank at 14.25% interest for 5 years will cost you ₹35,097 per month as EMI. You will pay a total interest of ₹6,05,820 over the loan tenure. The minimum monthly income needed is ₹87,743 (assuming no existing EMIs).
Axis Bank Business Loan EMI for ₹15 Lakh at 14.25% for 5 years is ₹35,097 per month.
You need a minimum monthly income of ₹87,743 for a ₹15 Lakh business loan from Axis Bank (at 14.25% rate, assuming no existing EMIs).
The total interest payable on ₹15 Lakh business loan from Axis Bank at 14.25% for 5 years is ₹6,05,820.
Axis Bank charges a processing fee of 2% of loan amount for Business Loan.
Axis Bank Business Loan prepayment policy: 4% of outstanding.