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Commercial Loan 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 an EMI?

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.

What is an EMI calculator of a Commercial Loan?

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.

How does the Commercial Loan Calculator work?

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.

How to calculate EMIs using the Commercial Loan Calculator?

Use the Bajaj Finserv online EMI Calculator and follow these 3 simple steps to know the EMIs on your Commercial Loan.

Step 1: Enter your loan amount which you wish to apply. Bajaj Finserv offers Commercial Loan of up to Rs. 30 Lakh to finance various business expenditures. Choose the amount as per your needs.
Step 2: Enter the applicable rate of interest.
Step 3: Choose the loan tenor most suitable as per your convenience and repayment ability.

Once you enter these details, the Commercial Loan Calculator computes the results and shows:

  • Total interest payable – It is the total amount of interest you need to pay.
  • Total amount payable – It is the total amount including principal and interest you’ll pay.
  • The EMIs – It’s the EMI per month you need to pay towards your Commercial Loan.

How is this Commercial Loan Calculator beneficial?

  • You can decide on the loan amount to apply for, as per your eligibility.
  • Commercial Loan Calculator helps you to choose an appropriate repayment tenor.
  • Manage your business finances, and effortlessly fulfil your short-term monetary needs.

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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