Monthly EMI: ₹11,699 at 14.25% for 5 years. Total interest: ₹2,01,940.
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With a ₹5 Lakh business loan from Axis Bank at 14.25% for 5 years, you will pay a monthly EMI of ₹11,699. The total amount payable is ₹7,01,940, of which ₹2,01,940 is interest.
At 14.25% interest rate for 5 years, the EMI for ₹5 Lakh Business Loan from Axis Bank is ₹11,699 per month. Total interest payable: ₹2,01,940.
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 ₹5 Lakh at 14.25% for 5 years, you would pay approximately ₹2,01,940 as total interest, making the total repayment ₹7,01,940.
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 ₹5 Lakh business loan.