EMI: ₹58,821/month at 14.5%. Min income: ₹1,30,714/month.
A ₹25 Lakh business loan from Mahindra Finance at 14.5% interest for 5 years will cost you ₹58,821 per month as EMI. You will pay a total interest of ₹10,29,260 over the loan tenure. The minimum monthly income needed is ₹1,30,714 (assuming no existing EMIs).
Mahindra Finance Business Loan EMI for ₹25 Lakh at 14.5% for 5 years is ₹58,821 per month.
You need a minimum monthly income of ₹1,30,714 for a ₹25 Lakh business loan from Mahindra Finance (at 14.5% rate, assuming no existing EMIs).
The total interest payable on ₹25 Lakh business loan from Mahindra Finance at 14.5% for 5 years is ₹10,29,260.
Mahindra Finance charges a processing fee of 2% + GST for Business Loan.
Mahindra Finance Business Loan prepayment policy: 4% of outstanding.