Business Loan Details
₹
₹1,00,000₹5,00,00,000
Business loans: 14-24%
% p.a.
10% p.a.30% p.a.
months
6months84months
%
0%5%
Credit life insurance
% p.a.
0% p.a.2% p.a.
For eligibility calculation
₹
₹50,000₹1,00,00,000
Loan Summary
Monthly EMI
₹34,178
True APR
9.33%
Including all costs
Loan Amount
₹10,00,000Total Interest
₹2,30,395Processing Fee
₹23,600Incl. GST ₹3,600
Insurance Premium
₹15,000Total Payment
₹12,30,395Total Cost of Loan
₹2,68,995EMI to Turnover Ratio6.8%
Healthy ratio - Good debt servicing capacity
Estimated Eligibility: Up to ₹26,33,30,139 based on your turnover
Amortization Schedule
| Year | Annual Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | ₹4,10,136 | ₹2,88,157 | ₹1,21,976 | ₹7,11,843 |
| 2 | ₹4,10,136 | ₹3,31,193 | ₹78,941 | ₹3,80,652 |
| 3 | ₹4,10,136 | ₹3,80,653 | ₹29,481 | ₹0 |