Monthly EMI: ₹23,528 at 14.5% for 5 years. Total interest: ₹4,11,680.
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With a ₹10 Lakh business loan from Mahindra Finance at 14.5% for 5 years, you will pay a monthly EMI of ₹23,528. The total amount payable is ₹14,11,680, of which ₹4,11,680 is interest.
At 14.5% interest rate for 5 years, the EMI for ₹10 Lakh Business Loan from Mahindra Finance is ₹23,528 per month. Total interest payable: ₹4,11,680.
Mahindra Finance offers Business Loan at 14.50 - 22.00% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹10 Lakh at 14.5% for 5 years, you would pay approximately ₹4,11,680 as total interest, making the total repayment ₹14,11,680.
Mahindra Finance's prepayment policy for Business Loan: 4% of outstanding. Making prepayments can significantly reduce your total interest outgo.
Mahindra Finance offers competitive rates starting from 14.50 - 22.00% with tenure up to 5 years. Compare with other banks on this page to find the best option for your ₹10 Lakh business loan.