Monthly EMI: ₹2,17,424 at 11% for 5 years. Total interest: ₹30,45,440.
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With a ₹1 Crore business loan from Union Bank at 11% for 5 years, you will pay a monthly EMI of ₹2,17,424. The total amount payable is ₹1,30,45,440, of which ₹30,45,440 is interest.
At 11% interest rate for 5 years, the EMI for ₹1 Crore Business Loan from Union Bank is ₹2,17,424 per month. Total interest payable: ₹30,45,440.
Union Bank offers Business Loan at 11.00 - 14.00% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹1 Crore at 11% for 5 years, you would pay approximately ₹30,45,440 as total interest, making the total repayment ₹1,30,45,440.
Union Bank's prepayment policy for Business Loan: 2% of outstanding. Making prepayments can significantly reduce your total interest outgo.
Union Bank offers competitive rates starting from 11.00 - 14.00% with tenure up to 5 years. Compare with other banks on this page to find the best option for your ₹1 Crore business loan.