> >

Machinery Loan EMI Calculator

Quick apply

Just 60 seconds to apply

Please enter your first and last name
Enter 10-digit mobile number
Please enter your Birth date
Please enter valid PAN card number
Please enter your pin code
Enter personal email address

I consent to the T&C and authorize Bajaj Finance Limited, its representatives/business partners/affiliates to use my details for promotional communication/fulfilment of services availed.

Thank you

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 Machinery Loan EMI?

Bajaj Finserv offers unsecured Machinery Loan or Equipment Loan which can be used to purchase new machinery or repair existing ones, thus, improving business productivity. Machinery Loan Equated Monthly Installment or EMI is a fixed amount that the borrower must pay every month towards the loan repayment throughout the entire loan tenor. It is one of the easiest ways to pay off the loan as the repayable amount gets distributed in smaller amounts over the entire tenor.

EMI is a fixed amount comprising the loan principal and the interest accumulated on it. This way, the total loan amount along with interests gets cleared off without straining one’s budget.

You can now calculate your EMIs easily using the Machinery Finance Calculator before applying for the loan.

What is a Machinery Loan EMI calculator?

Also termed as Heavy Equipment Loan Calculator or Equipment Lease Payment Calculator, the Machinery Loan Calculator from Bajaj Finserv is an online EMI calculator which allows you to instantly evaluate your monthly payments or EMIs.

What are the benefits of using Machinery Loan Calculator?

Below are the benefits of using this Machinery Loan calculator.

  • Estimate of an EMI helps you to opt for a loan amount as per your repayment ability.
  • It helps to select your loan tenor and manage your finances better.
  • It also aids a business manage its cash flow better and meet every short-term monetary need with ease.

How does this Equipment Finance Calculator work?

You need to enter the below parameters on the Machinery Loan Calculator to know your EMIs.

  • The total loan amount you want to avail.
  • The rate of interest
  • The tenor of the loan

It computes the EMIs according to the following formula:
E = P * r * (1+r)^n / ((1+r)^n-1)

Here,

‘E’ stands for EMIs
‘P’ stands for principal amount
‘R’ stands for rate of interest per month
‘n’ stands for loan tenor in months

How does this Equipment Finance Calculator work?

Using this Machinery Loan Calculator is quite easy and eliminates no manual calculation. You simply need to enter all the required details as mentioned above, and this Equipment Finance Loan Calculator will compute the estimate accordingly.

tips on how to make img

Tips on How to Make the Perfect Business Loan Pitch

Tax Savings Tips for Small Business Owners

Great Cost-Saving Tips for Small Businesses

People Also Considered

Business Loan for Women People Considered Image

Business Loan for Women

Avail customized loans
Up to Rs. 32 lakh | Minimal documentation

KNOW MORE
Business Loan for SME- MSME People Considered Image

Business Loan for SME-MSME

Hassle-free finance for your enterprise
Up to Rs. 32 lakh | Approval in 24 hours

KNOW MORE
Working Capital Loan People Considered Image

Working Capital

Manage operational expenses
Up to Rs. 32 lakh | Flexible tenor options

KNOW MORE
Machinery Loan People Considered Image

Machinery Loan

Funds to upgrade machinery
Up to Rs. 32 lakh | Pay only interest as EMI

KNOW MORE