Monthly EMI: ₹1,12,490 at 12.5% for 5 years. Total interest: ₹17,49,400.
| Year | Principal | Interest | Balance |
|---|
With a ₹50 Lakh business loan from IDFC First Bank at 12.5% for 5 years, you will pay a monthly EMI of ₹1,12,490. The total amount payable is ₹67,49,400, of which ₹17,49,400 is interest.
At 12.5% interest rate for 5 years, the EMI for ₹50 Lakh Business Loan from IDFC First Bank is ₹1,12,490 per month. Total interest payable: ₹17,49,400.
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 ₹50 Lakh at 12.5% for 5 years, you would pay approximately ₹17,49,400 as total interest, making the total repayment ₹67,49,400.
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 ₹50 Lakh business loan.