Monthly EMI: ₹2,33,981 at 14.25% for 5 years. Total interest: ₹40,38,860.
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With a ₹1 Crore business loan from Axis Bank at 14.25% for 5 years, you will pay a monthly EMI of ₹2,33,981. The total amount payable is ₹1,40,38,860, of which ₹40,38,860 is interest.
At 14.25% interest rate for 5 years, the EMI for ₹1 Crore Business Loan from Axis Bank is ₹2,33,981 per month. Total interest payable: ₹40,38,860.
Axis Bank offers Business Loan at 14.25 - 19.20% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹1 Crore at 14.25% for 5 years, you would pay approximately ₹40,38,860 as total interest, making the total repayment ₹1,40,38,860.
Axis Bank's prepayment policy for Business Loan: 4% of outstanding. Making prepayments can significantly reduce your total interest outgo.
Axis Bank offers competitive rates starting from 14.25 - 19.20% with tenure up to 5 years. Compare with other banks on this page to find the best option for your ₹1 Crore business loan.