EMI: ₹23,790/month at 15%. Min income: ₹52,867/month.
A ₹10 Lakh business loan from Hero FinCorp at 15% interest for 5 years will cost you ₹23,790 per month as EMI. You will pay a total interest of ₹4,27,400 over the loan tenure. The minimum monthly income needed is ₹52,867 (assuming no existing EMIs).
Hero FinCorp Business Loan EMI for ₹10 Lakh at 15% for 5 years is ₹23,790 per month.
You need a minimum monthly income of ₹52,867 for a ₹10 Lakh business loan from Hero FinCorp (at 15% rate, assuming no existing EMIs).
The total interest payable on ₹10 Lakh business loan from Hero FinCorp at 15% for 5 years is ₹4,27,400.
Hero FinCorp charges a processing fee of 2% + GST for Business Loan.
Hero FinCorp Business Loan prepayment policy: 4% of outstanding.