Business Loan EMI Calculator

EMI calculator is the best tool you can use while computing EMIs for business loan. The principal amount for business loan is always greater than any other loan.

Using Bajaj Finserv Business Loan EMI Calculator, you can simplify the calculation of such a large amount and assure accuracy in the calculation.

This simple tool requires you to fill in only three important details like loan amount, tenure and interest rate.

Along with calculating instalments. this tool also provides the break-up of the principle and the interest amount. By changing tenure you can choose your repayment options according to your capacity.


Results generated by the calculator(s) are indicative in nature. The interest rate applied on the loan will depend on the prevailing rates at the time of loan booking. The calculator(s) are not intended to provide its users/ customers with results that are either certified by Bajaj Finance Limited (“BFL”) or are an obligation, assurance, warranty, undertaking or commitment, financial and professional advice by BFL, under any circumstances. The calculator(s) are only a tool that assists the users/ customers arrive at results of various illustrative scenarios generated from data input by the user/ customer. The use of the calculator is entirely at the risk of the user/ customer, BFL is not responsible for any reason, for any errors in any outcome resulting from the use of the calculator.

Frequently asked questions

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 monthly 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 a tight budget and want to fund expensive purchases, like equipment, plant, machinery, etc. but don’t have enough liquidity to pay up-front for such costs.

How does a Business Loan EMI Calculator work?

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:

Principal (loan amount)
Rate of interest

The calculator uses the following formula:

E = P x r x (1 + r) ^ n / [(1 + r) ^ n - 1]


  • E is the EMI.
  • P is the principal or loan amount.
  • r is the rate of interest (calculated monthly).
  • n is the tenor (calculated 84 monthly).

Check the following example to see how the calculator works:

You have a business loan of Rs.45 lakh at 12% rate of interest for 4 years. 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.

How to calculate your EMI using an unsecured business loan 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.

What is an EMI calculator for a business loan?

A small business loan calculator helps you calculate your monthly EMIs on your business loan.

This calculator helps you predetermine the amount payable at the end of every month so you can opt for a loan amount that matches the short-term plans of your business and plan your cash resources accordingly.

What is the interest rate of a business loan?

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:

  • Rate of interest: 9.75% per annum onwards
  • Processing fees: Up to 2.95% of the loan amount*
    *Loan amount is inclusive of Insurance Premium, VAS Charges, Documentation Charges and Flexi Fees.
  • Bounce charges: Rs. 1,500
  • Penal interest: 3.50% per month (applicable in case of non-payment of monthly instalment on/ before the due date)

Check out or business loan interest rates and charges for more information.

Can I get an MSME loan for a new business?

You can get an MSME loan of up to Rs. 50 Lakh by fulfilling the following eligibility criteria:

  • You must be between 24 years to 70 years* (*Age should be 70 years at Loan Maturity)
  • You must have a CIBIL score of 685 or higher
  • You must have a business running for at least 3 years

Once you meet these parameters, you only need to submit a few documents to get these collateral-free funds within 24 hours* of approval.

How is commercial loan EMI calculated?

You can calculate your commercial loan EMI with the help of the following formula:

E = P * R * (1+R)^N / ((1+R)^N-1


  • E is the EMI
  • P is the principal or loan amount
  • R is the rate of interest (calculated monthly)
  • N is the tenor (calculated 84 monthly)

However, the manual calculation of EMI is a lengthy task and might result in errors. To avoid this, you can use the EMI calculator, an online tool that helps you calculate your monthly instalment in minutes.

All you need to do is enter your loan amount, interest rate, and tenor and get the result instantly.

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