EMI: ₹11,895/month at 15%. Min income: ₹26,434/month.
A ₹5 Lakh business loan from Muthoot Finance at 15% interest for 5 years will cost you ₹11,895 per month as EMI. You will pay a total interest of ₹2,13,700 over the loan tenure. The minimum monthly income needed is ₹26,434 (assuming no existing EMIs).
Muthoot Finance Business Loan EMI for ₹5 Lakh at 15% for 5 years is ₹11,895 per month.
You need a minimum monthly income of ₹26,434 for a ₹5 Lakh business loan from Muthoot Finance (at 15% rate, assuming no existing EMIs).
The total interest payable on ₹5 Lakh business loan from Muthoot Finance at 15% for 5 years is ₹2,13,700.
Muthoot Finance charges a processing fee of 2% + GST for Business Loan.
Muthoot Finance Business Loan prepayment policy: 4% of outstanding.