Business Loan EMI Calculator

Plan your EMI outflow with ease.

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Business loan calculator

An EMI calculator is the best tool that you can use for computing EMIs before you apply for a loan. This straightforward tool requires only a few key inputs, like loan amount, interest rate, and term, to determine your monthly payments. In addition, it includes a breakdown of the principal and interest amounts. By adjusting the term, you can tailor your repayment options to your finances. By clicking on "View repayment schedule," you may also view your monthly or annual business loan EMIs.

How to use business loan calculator for monthly EMIs?

A business loan calculator is an online tool that helps you estimate your monthly EMIs (equated monthly instalments) for a business loan. To use a business loan calculator, you need to enter the following details:

  • The loan amount that you want to borrow
  • The interest rate being charged
  • The loan tenure that you prefer

The calculator will then display the EMI amount that you need to pay every month, along with the total interest and principal components. You can also view the repayment schedule, which shows how your loan balance reduces over time.

Using a business loan calculator can help you plan your finances better and choose the most suitable loan option for your business needs. You can adjust the loan amount, tenure, and interest rate to find the optimal combination that suits your budget and repayment capacity.

Disclaimer

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

What is a business loan EMI?

The easiest and standard method of repaying your loan is via EMIs. Your loan gets divided into equal, fixed sums that you pay monthly until you have fully repaid your loan. An EMI consists of the loan’s principal amount and the interest accrued on it.

How does a business loan calculator work?

A business loan EMI calculator tells you the approximate amount you will have to pay as EMI on the loan amount you wish to take for your desired tenure. It also gives you the total interest amount that will be due on the loan, as well as the total payable amount. With this information, you can plan your repayment more easily to accommodate your current and future income and expenditures.

How to calculate your EMI using a business loan EMI calculator?

A business loan EMI calculator is simple to use. All you need to do is enter the loan amount, the rate of interest and the tenure (in months), to calculate your business loan EMI.

What is an EMI calculator for a business loan?

A business loan EMI calculator helps you predetermine the amount payable at the end of every month. It will help you opt for a loan amount that matches the plans of your business and plan your cash resources accordingly.

What is the interest rate of a business loan?

The rate of interest is between 9.75% to 30% per annum.

Can I get an MSME loan for a new business?

You can get an MSME loan of up to Rs. 80 lakh by fulfilling the following eligibility criteria:

  • You must be between 24 years to 80 years
  • You must have a CIBIL Score of 685or higher

You must have a business running for at least 3 years.

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