EMI: ₹23,268/month at 14%. Min income: ₹51,707/month.
A ₹10 Lakh business loan from L&T Finance at 14% interest for 5 years will cost you ₹23,268 per month as EMI. You will pay a total interest of ₹3,96,080 over the loan tenure. The minimum monthly income needed is ₹51,707 (assuming no existing EMIs).
L&T Finance Business Loan EMI for ₹10 Lakh at 14% for 5 years is ₹23,268 per month.
You need a minimum monthly income of ₹51,707 for a ₹10 Lakh business loan from L&T Finance (at 14% rate, assuming no existing EMIs).
The total interest payable on ₹10 Lakh business loan from L&T Finance at 14% for 5 years is ₹3,96,080.
L&T Finance charges a processing fee of 2% + GST for Business Loan.
L&T Finance Business Loan prepayment policy: 4% of outstanding.