Business Loan EMI Calculator

A business loan EMI calculator helps you know the monthly instalments you have to pay, thereby helping you plan your repayment with ease.
Enter the below on the EMI calculator–

The calculator uses the following formula –
E = P x r x (1 + r) ^ n / [(1 + r) ^ n - 1]
Here,

Check the following example to see how the calculator works –
You have a business loan of Rs. 20 Lakh at 12% rate of interest for 4 years. As per the above formula, your EMI will be:
E = 20,00,000 x 12%/12 x (1 + 12%/12) ^ 4 / [(1 + 12%/12) ^ 4 – 1]
E = 52,668
Hence, your EMIs will be Rs. 52,668.

A Business Loan EMI Calculator is simple to use. All you need to do is enter the loan amount, tenor (in months) and the rate of interest, and you’re done.

You can repay your Business Loan in various ways. One of the easiest methods is to pay your loan through an Equated Monthly Instalment (EMI), where your loan gets divided into equal fixed sums that are paid on a monthly basis until your loan has been fully repaid. An EMI consists of the loan’s principal amount and the interest accrued on it.

This repayment method makes it easy for small businesses that operate on tight cash and want to fund expensive purchases like equipment, plant and machinery, etc. but don’t have enough liquidity to pay up-front for such costs.

Repaying via easy EMIs with Bajaj Finserv, is an ideal way of paying back your business loan as it gives you the exact amount you have to pay at the end of every month for a given period.

A Small Business Loan calculator is an EMI calculator which helps you calculate your monthly payments on business loan.

This calculator helps you to predetermine the amount need to pay at the end of every month, helping you to opt for a loan amount that matches the short-term plans of your business and thus, facilitating your cash resources planning.

Bajaj Finserv offers low Business Loan interest rates, which make your EMIs affordable and help you repay the loan comfortably with lesser chances of defaulting.
The following is the interest and other charges on business loans –