Monthly EMI: ₹33,747 at 12.5% for 5 years. Total interest: ₹5,24,820.
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With a ₹15 Lakh business loan from IDFC First Bank at 12.5% for 5 years, you will pay a monthly EMI of ₹33,747. The total amount payable is ₹20,24,820, of which ₹5,24,820 is interest.
At 12.5% interest rate for 5 years, the EMI for ₹15 Lakh Business Loan from IDFC First Bank is ₹33,747 per month. Total interest payable: ₹5,24,820.
IDFC First Bank offers Business Loan at 12.50 - 22.00% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹15 Lakh at 12.5% for 5 years, you would pay approximately ₹5,24,820 as total interest, making the total repayment ₹20,24,820.
IDFC First Bank's prepayment policy for Business Loan: 5% of outstanding. Making prepayments can significantly reduce your total interest outgo.
IDFC First Bank offers competitive rates starting from 12.50 - 22.00% with tenure up to 5 years. Compare with other banks on this page to find the best option for your ₹15 Lakh business loan.