EMI: ₹2,35,283/month at 14.5%. Min income: ₹5,88,208/month.
A ₹1 Crore business loan from Bandhan Bank at 14.5% interest for 5 years will cost you ₹2,35,283 per month as EMI. You will pay a total interest of ₹41,16,980 over the loan tenure. The minimum monthly income needed is ₹5,88,208 (assuming no existing EMIs).
Bandhan Bank Business Loan EMI for ₹1 Crore at 14.5% for 5 years is ₹2,35,283 per month.
You need a minimum monthly income of ₹5,88,208 for a ₹1 Crore business loan from Bandhan Bank (at 14.5% rate, assuming no existing EMIs).
The total interest payable on ₹1 Crore business loan from Bandhan Bank at 14.5% for 5 years is ₹41,16,980.
Bandhan Bank charges a processing fee of 2% + GST for Business Loan.
Bandhan Bank Business Loan prepayment policy: 4% of outstanding.