Monthly EMI: ₹23,790 at 15% for 5 years. Total interest: ₹4,27,400.
| Year | Principal | Interest | Balance |
|---|
With a ₹10 Lakh business loan from Muthoot Finance at 15% for 5 years, you will pay a monthly EMI of ₹23,790. The total amount payable is ₹14,27,400, of which ₹4,27,400 is interest.
At 15% interest rate for 5 years, the EMI for ₹10 Lakh Business Loan from Muthoot Finance is ₹23,790 per month. Total interest payable: ₹4,27,400.
Muthoot Finance offers Business Loan at 15.00 - 24.00% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹10 Lakh at 15% for 5 years, you would pay approximately ₹4,27,400 as total interest, making the total repayment ₹14,27,400.
Muthoot Finance's prepayment policy for Business Loan: 4% of outstanding. Making prepayments can significantly reduce your total interest outgo.
Muthoot Finance offers competitive rates starting from 15.00 - 24.00% with tenure up to 3 years. Compare with other banks on this page to find the best option for your ₹10 Lakh business loan.