EMI: ₹54,356/month at 11%. Min income: ₹1,29,420/month.
A ₹25 Lakh business loan from Union Bank at 11% interest for 5 years will cost you ₹54,356 per month as EMI. You will pay a total interest of ₹7,61,360 over the loan tenure. The minimum monthly income needed is ₹1,29,420 (assuming no existing EMIs).
Union Bank Business Loan EMI for ₹25 Lakh at 11% for 5 years is ₹54,356 per month.
You need a minimum monthly income of ₹1,29,420 for a ₹25 Lakh business loan from Union Bank (at 11% rate, assuming no existing EMIs).
The total interest payable on ₹25 Lakh business loan from Union Bank at 11% for 5 years is ₹7,61,360.
Union Bank charges a processing fee of 1% + GST for Business Loan.
Union Bank Business Loan prepayment policy: 2% of outstanding.