Monthly EMI: ₹35,685 at 15% for 5 years. Total interest: ₹6,41,100.
| Year | Principal | Interest | Balance |
|---|
With a ₹15 Lakh business loan from Muthoot Finance at 15% for 5 years, you will pay a monthly EMI of ₹35,685. The total amount payable is ₹21,41,100, of which ₹6,41,100 is interest.
At 15% interest rate for 5 years, the EMI for ₹15 Lakh Business Loan from Muthoot Finance is ₹35,685 per month. Total interest payable: ₹6,41,100.
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 ₹15 Lakh at 15% for 5 years, you would pay approximately ₹6,41,100 as total interest, making the total repayment ₹21,41,100.
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 ₹15 Lakh business loan.