EMI: ₹32,801/month at 11.25%. Min income: ₹78,098/month.
A ₹15 Lakh business loan from Bank of India at 11.25% interest for 5 years will cost you ₹32,801 per month as EMI. You will pay a total interest of ₹4,68,060 over the loan tenure. The minimum monthly income needed is ₹78,098 (assuming no existing EMIs).
Bank of India Business Loan EMI for ₹15 Lakh at 11.25% for 5 years is ₹32,801 per month.
You need a minimum monthly income of ₹78,098 for a ₹15 Lakh business loan from Bank of India (at 11.25% rate, assuming no existing EMIs).
The total interest payable on ₹15 Lakh business loan from Bank of India at 11.25% for 5 years is ₹4,68,060.
Bank of India charges a processing fee of 1% + GST for Business Loan.
Bank of India Business Loan prepayment policy: 2% of outstanding.