Monthly EMI: ₹11,895 at 15% for 5 years. Total interest: ₹2,13,700.
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With a ₹5 Lakh business loan from Hero FinCorp at 15% for 5 years, you will pay a monthly EMI of ₹11,895. The total amount payable is ₹7,13,700, of which ₹2,13,700 is interest.
At 15% interest rate for 5 years, the EMI for ₹5 Lakh Business Loan from Hero FinCorp is ₹11,895 per month. Total interest payable: ₹2,13,700.
Hero FinCorp offers Business Loan at 15.00 - 22.00% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹5 Lakh at 15% for 5 years, you would pay approximately ₹2,13,700 as total interest, making the total repayment ₹7,13,700.
Hero FinCorp's prepayment policy for Business Loan: 4% of outstanding. Making prepayments can significantly reduce your total interest outgo.
Hero FinCorp offers competitive rates starting from 15.00 - 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.