Total Interest Payable
Total Payment (Principle + Interest)
Your EMI will be per month
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.
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.
Below are the benefits of using this Machinery Loan calculator.
You need to enter the below parameters on the Machinery Loan Calculator to know your EMIs.
It computes the EMIs according to the following formula:
E = P * r * (1+r)^n / ((1+r)^n-1)
‘E’ stands for EMIs
‘P’ stands for principal amount
‘R’ stands for rate of interest per month
‘n’ stands for loan tenor in months
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.
Funds to upgrade machinery
Up to Rs. 32 lakh | Pay only interest as EMI
Manage operational expenses
Up to Rs. 32 lakh | Flexible tenor options
Avail customized loans
Up to Rs. 32 lakh | Minimal documentation
Hassle-free finance for your enterprise
Up to Rs. 32 lakh | Approval in 24 hours