What is the interest on 5 lakhs?
Table of Contents
What is the interest on 5 lakhs?
Monthly Payout
| Investment amount | Monthly interest | Cumulative interest for 5 years |
|---|---|---|
| 5 lakh | Rs.2,629 | Rs. 185,043 |
| 10 lakh | Rs.5,258 | Rs.3,70,087 |
| 15 lakh | Rs. 7,887 | Rs.5,55,130 |
| 20 lakh | Rs. 10, 517 | Rs. 7,40,173 |
How much EMI can I get for 5 lakhs?
Calculated Monthly EMI for 5 Lakh of loan amount for 3 years at various rate of Interest:
| Loan Amount | Rate of Interest | Per Month EMI |
|---|---|---|
| 5 Lakh | 15.00\% | Rs.17332.66 |
| 5 Lakh | 16.00\% | Rs.17578.52 |
| 5 Lakh | 18.00\% | Rs.18076.2 |
| 5 Lakh | 20.00\% | Rs.18581.79 |
Which bank can provide loan?
Comparison of Best Personal Loan Providers in India
| Lender | Interest Rate (p.a.) | Processing Fee |
|---|---|---|
| HDFC Bank | 10.25\% – 21\% | Up to 2.5\% (Maximum Rs. 25,000) |
| Kotak Mahindra Bank | 10.25\% onwards | Up to 2.5\% |
| Federal Bank | 10.49\% – 17.99\% | Up to 3\% |
| IDFC FIRST Bank | 10.49\% onwards | Up to 3.5\% (Minimum Rs. 2,999)** |
How do you write 5 lakhs in numbers?
In the abbreviated form, usage such as “₹5L” or “₹5 lac” (for “5 lakh rupees”) is common. In this system of numeration, 100 lakh is called one crore and is equal to 10 million.
How do you write 5 lakhs in a Cheque?
For 5,00,000 Rs write it as Five Lakh Rupees Only. For 10,00,000 Rs write it as Ten Lakh Rupees Only. Which one is correct Lakh or Lac? In general, you can use any spelling, but when you are writing a cheque or any financial related document then write as Lakh.
How many dollars is 5 lakhs?
Convert Indian Rupee to US Dollar
| INR | USD |
|---|---|
| 1,000 INR | 13.1513 USD |
| 5,000 INR | 65.7565 USD |
| 10,000 INR | 131.513 USD |
| 50,000 INR | 657.565 USD |