Working Capital Loan Calculator

Working capital loan EMIs are equated monthly instalments of fixed amounts which borrowers need to pay every month. It includes both the principal and the interest accrued on the outstanding loan amount and continues until one pays off the loan in full.

EMIs make loan repayments easier for small and medium businesses as they mostly work with tight budgets to sustain their operations. A borrower can know the EMI amount beforehand using an online working capital loan calculator.

A working capital loan EMI calculator is an online tool that calculates the EMI amount that you need to pay if you avail of a working capital loan

The primary benefit of an EMI calculator is that you get to know your monthly outgo towards the loan repayment in advance. It helps to determine the loan amount you should apply for, select a convenient tenor and know the EMIs you are liable to pay every month. Knowing the amount beforehand will help you make important financial decisions strategically.

The Bajaj Finserv Working Capital Loan Calculator functions on a simple mathematical formula:
E = P * R * (1+R)^N / ((1+R)^N-1)

The variables in the formula stand for the following -

P- Principal loan amount
R- Rate of interest
N- Tenor of the loan, provided in months
E- EMI

After you have calculated your working capital loan EMI, you can then decide the loan amount you require. It will help you check your monthly payments appropriately.

The online working capital loan calculator is simple to use. You can just provide the loan amount you need, the rate of interest and the repayment tenor convenient for you. This calculator will show you a detailed result including the EMI amount, total payable amount and the total interest payable.

Along with the EMIs, it also displays the total interest payable and total payment including both interest and principal. So, it helps in managing your loan repayment as well as your working capital in a planned way.