Total Interest Payable
Total Payment (Principle + Interest)
Your EMI will be per month
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:
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.
A small business loan calculator helps you calculate your monthly EMIs on your 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:
|Type of charges||Rate|
|Rate of interest||18% per annum onwards|
|Processing fees||Up to 3% on the principal|
|Penal interest||2% per month|
|Bounce charges||Up to Rs. 3,000 (Inclusive of taxes)|
|Document processing fees||Rs. 1,449 with applicable taxes|
|Outstation collection charges||Rs. 65 with applicable taxes|
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