Avyud Finance offers various types of Business Loans through Bandhan Bank to individuals, business owners, entrepreneurs, start-up enterprises, MSMEs, and large enterprises. The business loan interest rate offered by banks starts from 11.90% onwards per annum.
₹
500000
36
months
10
%
Monthly EMI
₹
₹ 32,124.56
Total Interest
₹
10,622.78
Principal Amount
₹
500000
Payable Amount
₹
160,622.78
| Pay No. |
Begining Balance | EMI | Principal | Interest | Ending Balance |
|---|---|---|---|---|---|
| 1 | 150000.00 | 32124.56 | 28637.06 | 3487.50 | 121362.94 |
| 2 | 121362.94 | 32124.56 | 29302.87 | 2821.69 | 92060.07 |
| 3 | 92060.07 | 32124.56 | 29984.16 | 2140.40 | 62075.91 |
| 4 | 62075.91 | 32124.56 | 30681.30 | 1443.26 | 31394.61 |
| 5 | 31394.61 | 32124.56 | 31394.64 | 729.92 | -0.03 |
Self-employed professionals and non-professionals with minimum 2* years of experience in the same line of business
The repayment tenure is up to 5 years, including a three months moratorium period.
This loan scheme is specifically designed for those looking to set up their own enterprise and need access to funds to invest in their venture.
For existing customers, if you have a good standing with Bandhan Bank and with good credit score and cash flows then you can negotiate better terms.
The margin of finance is 25%. The interest rate for Samriddhi Business Loan is linked to the base rate. The processing fee charged is 1% of the loan amount plus applicable taxes.
You can check the Bandhan Bank business loan status by contacting the customer care number or if you already have an account can login to your account and check the status there. You can also check with your account manager if you have been allotted one.
Note: This content is taken from Bandhan Bank website
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