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

image

Home > Self Employed Business Loan > Learn

How is interest calculated on a business loan?

How is interest calculated on a business loan?

If you are applying for a Business Loan, you have to check what rate of interest the lender is offering. The Business Loan interest rates depends on the principal amount as well as the loan tenor.

Our Business Loan EMI calculator uses the following formula to calculate the interest rate on Business Loans:

Where:
• 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
You can refer to the Bajaj Finance Business Loan EMI calculator.

Business Loan Instant Approval

People Also Considered

Fixed Deposit People Considered Image

Fixed Deposit

A safe investment with
return up to 7.85%

APPLY NOW
Doctor Loan People Considered Image

Doctor Loan

Customised financial solutions designed exclusively for doctors

APPLY NOW
Personal Loan People Considered Image

Personal Loan

Loan up to Rs. 25 lakh, for your myriad personal financial needs

APPLY NOW
Home Loan People Considered Image

Home Loan

Our Lowest ever rate on Balance Transfer | *T&C apply

APPLY NOW