Monthly EMI: ₹67,494 at 12.5% for 5 years. Total interest: ₹10,49,640.
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With a ₹30 Lakh business loan from IDFC First Bank at 12.5% for 5 years, you will pay a monthly EMI of ₹67,494. The total amount payable is ₹40,49,640, of which ₹10,49,640 is interest.
At 12.5% interest rate for 5 years, the EMI for ₹30 Lakh Business Loan from IDFC First Bank is ₹67,494 per month. Total interest payable: ₹10,49,640.
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 ₹30 Lakh at 12.5% for 5 years, you would pay approximately ₹10,49,640 as total interest, making the total repayment ₹40,49,640.
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 ₹30 Lakh business loan.