EMI: ₹35,685/month at 15%. Min income: ₹79,300/month.
A ₹15 Lakh business loan from Muthoot Finance at 15% interest for 5 years will cost you ₹35,685 per month as EMI. You will pay a total interest of ₹6,41,100 over the loan tenure. The minimum monthly income needed is ₹79,300 (assuming no existing EMIs).
Muthoot Finance Business Loan EMI for ₹15 Lakh at 15% for 5 years is ₹35,685 per month.
You need a minimum monthly income of ₹79,300 for a ₹15 Lakh business loan from Muthoot Finance (at 15% rate, assuming no existing EMIs).
The total interest payable on ₹15 Lakh business loan from Muthoot Finance at 15% for 5 years is ₹6,41,100.
Muthoot Finance charges a processing fee of 2% + GST for Business Loan.
Muthoot Finance Business Loan prepayment policy: 4% of outstanding.