Pay only interest as EMI | Only 2 documents as business proof


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How to calculate business loan emi on calculator?

How to calculate business loan emi on calculator?

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.

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