EMI: ₹57,525/month at 13.5%. Min income: ₹1,43,813/month.
A ₹25 Lakh business loan from ICICI Bank at 13.5% interest for 5 years will cost you ₹57,525 per month as EMI. You will pay a total interest of ₹9,51,500 over the loan tenure. The minimum monthly income needed is ₹1,43,813 (assuming no existing EMIs).
ICICI Bank Business Loan EMI for ₹25 Lakh at 13.5% for 5 years is ₹57,525 per month.
You need a minimum monthly income of ₹1,43,813 for a ₹25 Lakh business loan from ICICI Bank (at 13.5% rate, assuming no existing EMIs).
The total interest payable on ₹25 Lakh business loan from ICICI Bank at 13.5% for 5 years is ₹9,51,500.
ICICI Bank charges a processing fee of Up to 2.50% for Business Loan.
ICICI Bank Business Loan prepayment policy: 4% of outstanding.