Business Loan EMI calculator helps you to calculate your monthly instalments for the repayment of your Business Loan.
The Business Loan EMI is calculated on the three principal criteria – loan amount, tenor and the rate of interest.
Formula: E = P * r * (1+r)^n / ((1+r)^n-1)
• E is EMI
• P is the Principal Loan Amount
• r is the rate of interest calculated on a monthly basis
• n is the Tenor/duration of the loan
The EMI Calculator on the Bajaj Finserv is very easy to use. You just need to enter the following information:
• The loan amount
• Tenor in months
• Rate of interest
The sliders can be moved to your left or right to adjust the respective value or you can type the values directly.