Total Interest Payable
Total Payment (Principle + Interest)
Your EMI will be per month
EMIs or Equated Monthly Instalments are one of the most flexible ways to repay a loan. These are fixed amounts including the principal and interests accrued on it which a borrower needs to pay on a specified date every month.
EMIs reduce the financial burden for small and medium businesses by distributing the loan into smaller amounts payable throughout the entire repayment tenor.
Before you apply for a Commercial Loan from Bajaj Finserv, check your monthly payments along with the total amount payable using an EMI Calculator.
A Commercial Loan Calculator is an online tool which computes your loan EMIs as per the details you provide.
This EMI calculator uses a mathematical formula to give you the amount of Commercial Loan EMI payable by you.
The formula is E = P * R * (1+R)^N / ((1+R)^N-1),
where E is EMI,
P signifies principal amount,
R stands for rate of interest,
N stands of the tenor of your loan in months.
Use the Bajaj Finserv online EMI Calculator and follow these 3 simple steps to know the EMIs on your Commercial Loan.
Above all, you can make informed decisions regarding the monthly cash outflow towards your loan repayments using the Commercial Loan Rates Calculator.
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