How to calculate interest on working capital loans?
Calculating interest manually on your working capital loan is a lengthy task and might result in erroneous results. You can use our working capital loan calculator for error-free results and calculate total interest payable in a few easy steps. You need to enter the loan amount, tenor and rate of interest, and this online tool will provide you with the total interest payable and EMI amount instantly.
Bajaj Finserv offers working capital loans up to Rs. 50 lakh at interest rates starting from as low as 9.75% - 30% p.a. that can be repaid conveniently in EMIs up to 180 months. Such loans not only give you significant capital to manage short-term business expenses but also offer added benefits like an online account facility, special pre-approved offers and more. Further, you can avail of these loans in just 48 hours by submitting only two documents.