Monthly EMI: ₹32,614 at 11% for 5 years. Total interest: ₹4,56,840.
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With a ₹15 Lakh business loan from Union Bank at 11% for 5 years, you will pay a monthly EMI of ₹32,614. The total amount payable is ₹19,56,840, of which ₹4,56,840 is interest.
At 11% interest rate for 5 years, the EMI for ₹15 Lakh Business Loan from Union Bank is ₹32,614 per month. Total interest payable: ₹4,56,840.
Union Bank offers Business Loan at 11.00 - 14.00% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹15 Lakh at 11% for 5 years, you would pay approximately ₹4,56,840 as total interest, making the total repayment ₹19,56,840.
Union Bank's prepayment policy for Business Loan: 2% of outstanding. Making prepayments can significantly reduce your total interest outgo.
Union Bank offers competitive rates starting from 11.00 - 14.00% with tenure up to 5 years. Compare with other banks on this page to find the best option for your ₹15 Lakh business loan.