Monthly EMI: ₹32,989 at 11.5% for 5 years. Total interest: ₹4,79,340.
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With a ₹15 Lakh business loan from IDBI Bank at 11.5% for 5 years, you will pay a monthly EMI of ₹32,989. The total amount payable is ₹19,79,340, of which ₹4,79,340 is interest.
At 11.5% interest rate for 5 years, the EMI for ₹15 Lakh Business Loan from IDBI Bank is ₹32,989 per month. Total interest payable: ₹4,79,340.
IDBI Bank offers Business Loan at 11.50 - 14.00% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹15 Lakh at 11.5% for 5 years, you would pay approximately ₹4,79,340 as total interest, making the total repayment ₹19,79,340.
IDBI Bank's prepayment policy for Business Loan: 2% of outstanding. Making prepayments can significantly reduce your total interest outgo.
IDBI Bank offers competitive rates starting from 11.50 - 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.