Monthly EMI: ₹11,764 at 14.5% for 5 years. Total interest: ₹2,05,840.
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With a ₹5 Lakh business loan from Mahindra Finance at 14.5% for 5 years, you will pay a monthly EMI of ₹11,764. The total amount payable is ₹7,05,840, of which ₹2,05,840 is interest.
At 14.5% interest rate for 5 years, the EMI for ₹5 Lakh Business Loan from Mahindra Finance is ₹11,764 per month. Total interest payable: ₹2,05,840.
Mahindra Finance offers Business Loan at 14.50 - 22.00% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹5 Lakh at 14.5% for 5 years, you would pay approximately ₹2,05,840 as total interest, making the total repayment ₹7,05,840.
Mahindra Finance's prepayment policy for Business Loan: 4% of outstanding. Making prepayments can significantly reduce your total interest outgo.
Mahindra Finance offers competitive rates starting from 14.50 - 22.00% with tenure up to 5 years. Compare with other banks on this page to find the best option for your ₹5 Lakh business loan.