Business Loan in Kolhapur

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Business Loan EMI Calculator

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Loan AmountINR
TenorMonths
Rate of InterestPercent
 

Total Interest Payable

Rs.1,750

Total Payment (Principle + Interest)

Rs.1,01,750

Your EMI will be per month

Rs.1,01,750

 

What is a Business Loan EMI?

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.

What is an EMI Calculator for Business Loan?

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.

How does a Business Loan EMI Calculator work?

An EMI calculator for Business Loan works on the following parameters to compute your EMI –

  • Loan amount
  • Tenor
  • Rate of interest

The formula used is:
E = P * r * (1+r)^n / ((1+r)^n-1)

Where ‘E’ is EMI
‘P’ is the Principal Loan Amount
‘r' is the rate of interest calculated on a monthly basis
‘n’ is the tenor or duration of the loan

How to calculate your EMI using an unsecured Business Loans 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.

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