Monthly EMI: ₹2,24,979 at 12.5% for 5 years. Total interest: ₹34,98,740.
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With a ₹1 Crore business loan from IDFC First Bank at 12.5% for 5 years, you will pay a monthly EMI of ₹2,24,979. The total amount payable is ₹1,34,98,740, of which ₹34,98,740 is interest.
At 12.5% interest rate for 5 years, the EMI for ₹1 Crore Business Loan from IDFC First Bank is ₹2,24,979 per month. Total interest payable: ₹34,98,740.
IDFC First Bank offers Business Loan at 12.50 - 22.00% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹1 Crore at 12.5% for 5 years, you would pay approximately ₹34,98,740 as total interest, making the total repayment ₹1,34,98,740.
IDFC First Bank's prepayment policy for Business Loan: 5% of outstanding. Making prepayments can significantly reduce your total interest outgo.
IDFC First Bank offers competitive rates starting from 12.50 - 22.00% with tenure up to 5 years. Compare with other banks on this page to find the best option for your ₹1 Crore business loan.