Results generated by the calculator(s) are indicative in nature. The interest rate applied on the loan will depend on the prevailing rates at the time of loan booking.
The calculator(s) are not intended to provide its users/ customers with results that are either certified by Bajaj Finance Limited (“BFL”) or are an obligation, assurance, warranty, undertaking or commitment, financial and professional advice by BFL, under any circumstances. The calculator(s) are only a tool that assists the users/ customers arrive at results of various illustrative scenarios generated from data input by the user/ customer. The use of the calculator is entirely at the risk of the user/ customer, BFL is not responsible for any reason, for any errors in any outcome resulting from the use of the calculator.
Frequently asked questions
A Bajaj Finserv Secured Business Loan is available with an attractive interest rate between 9% p.a. to 30% p.a.
A secured business loan EMI calculator is an online tool that assists you to figure out how much your monthly EMIs will be. This way, you can choose a loan amount that fits according to your cash flow.
A secured business loan EMI calculator tells you the instalment you may have to pay each month, which makes it easier to plan your repayment.
Enter the following numbers into the EMI calculator:
- Principal (loan amount)
- Interest rate
The following formula is used by the calculator:
E = P x r x (1 + r) ^ n / [(1 + r) ^ n - 1]
Here, E is the EMI.
P is the loan amount or principal.
r is the interest rate (calculated monthly).
n is the tenure (calculated monthly).
Calculating your EMI using the secured business loan EMI calculator is easy. Just put in the loan amount, the tenure (in months), and the interest rate, and you're done.