Total Interest Payable
Total Payment (Principle + Interest)
Your EMI will be per month
EMIs or equated monthly instalments are fixed amounts which include the principal and interest accrued on a loan 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.
Step 1: Enter your loan amount which you wish to apply. Bajaj Finserv offers Commercial Loan of up to Rs. 20 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:
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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