Monthly EMI: ₹46,796 at 14.25% for 5 years. Total interest: ₹8,07,760.
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With a ₹20 Lakh business loan from Axis Bank at 14.25% for 5 years, you will pay a monthly EMI of ₹46,796. The total amount payable is ₹28,07,760, of which ₹8,07,760 is interest.
At 14.25% interest rate for 5 years, the EMI for ₹20 Lakh Business Loan from Axis Bank is ₹46,796 per month. Total interest payable: ₹8,07,760.
Axis Bank offers Business Loan at 14.25 - 19.20% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹20 Lakh at 14.25% for 5 years, you would pay approximately ₹8,07,760 as total interest, making the total repayment ₹28,07,760.
Axis Bank's prepayment policy for Business Loan: 4% of outstanding. Making prepayments can significantly reduce your total interest outgo.
Axis Bank offers competitive rates starting from 14.25 - 19.20% with tenure up to 5 years. Compare with other banks on this page to find the best option for your ₹20 Lakh business loan.