Monthly EMI: ₹1,15,049 at 13.5% for 5 years. Total interest: ₹19,02,940.
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With a ₹50 Lakh business loan from ICICI Bank at 13.5% for 5 years, you will pay a monthly EMI of ₹1,15,049. The total amount payable is ₹69,02,940, of which ₹19,02,940 is interest.
At 13.5% interest rate for 5 years, the EMI for ₹50 Lakh Business Loan from ICICI Bank is ₹1,15,049 per month. Total interest payable: ₹19,02,940.
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 ₹50 Lakh at 13.5% for 5 years, you would pay approximately ₹19,02,940 as total interest, making the total repayment ₹69,02,940.
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 ₹50 Lakh business loan.