Monthly EMI: ₹46,020 at 13.5% for 5 years. Total interest: ₹7,61,200.
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With a ₹20 Lakh business loan from ICICI Bank at 13.5% for 5 years, you will pay a monthly EMI of ₹46,020. The total amount payable is ₹27,61,200, of which ₹7,61,200 is interest.
At 13.5% interest rate for 5 years, the EMI for ₹20 Lakh Business Loan from ICICI Bank is ₹46,020 per month. Total interest payable: ₹7,61,200.
ICICI Bank offers Business Loan at 13.50 - 19.00% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹20 Lakh at 13.5% for 5 years, you would pay approximately ₹7,61,200 as total interest, making the total repayment ₹27,61,200.
ICICI Bank's prepayment policy for Business Loan: 4% of outstanding. Making prepayments can significantly reduce your total interest outgo.
ICICI Bank offers competitive rates starting from 13.50 - 19.00% with tenure up to 5 years. Compare with other banks on this page to find the best option for your ₹20 Lakh business loan.