Business Loan EMI Calculator: Calculate Your Loan EMIs Online

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Calculate Your Business Loan Using EMI Calculator

Instantly estimate the monthly EMI payments on your business loan.

Loan amount

₹

₹75,000 ₹35,00,000

Loan duration

1 Years 6 Years

Rate of interest

10% p.a 19% p.a

Monthly EMI

Total Amount Payable

0*
Total Interest Payable

0*

Total Amount Payable

Total Interest Payable

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Disclaimer: The aforementioned values, calculations and results are for illustrative and informational purposes only and may vary basis various parameters laid down by Tata Capital.

Amortisation Schedule

Loan amortisation is the process of repayment of a business loan over the chosen loan settlement period. An amortisation schedule shows the interest component in each loan EMI and also makes a note of the remaining principal balance after each repayment. This schedule offers information on details such as instalment amount, instalment number, due date, principal component, and more.

A business loan EMI calculator can help you understand the amortisation schedule of your loan. Knowing your exact monthly EMI helps you make a budget effectively and manage other financial goals of your business. This makes planning for business loan repayments much easier.

Here is an amortisation schedule for a business loan of ₹25 lakh for a period of 150 months at an interest rate of 12% per annum.

As you can see in the table above, the business loan amortisation schedule shows the interest part in each loan EMI and the balance amount after every repayment. You can also you the interest rate calculator on our app for a business loan to determine the amortisation schedule of different loans.

What is a Business Loan EMI Calculator?

A business loan EMI calculator is the perfect tool for computing the monthly instalments before applying for a loan. This simple tool requires only a few inputs, such as loan amount, interest rate, and term. The EMI calculator for a business loan will calculate your EMIs within seconds after you enter these inputs.

Tata Capital’s business loan EMI calculator is quick and user-friendly. All you need to do is input the necessary details, and the calculator will instantly show you the monthly EMI along with the total interest amount payable on your business loan.

How to Use the Business Loan EMI Calculator?

Using our business loan EMI calculator is extremely easy. It is one of the simplest ways to check business loan EMI online.Here’s how you can use our EMI calculator business loan:

Enter Loan amount

Enter the business loan amount that you wish to borrow.

Enter rate of interest

Enter the applicable rate of interest.

Enter loan tenure

Enter the tenure or duration for which you want to take your business loan.

You can either use the sliders or type these values directly in the relevant boxes. Once you input these values in our EMI calculator business loan, it will display your payable EMI and the interest amount within a few seconds

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How is Business Loan EMI Calculated?

Let’s take an example to understand how this formula is used for calculating EMIs.

Say, you take a business loan of ₹5 Lakhs at an interest rate of 14% per annum for two years.

Now, you need to enter these values in a business loan calculator to check your EMIs.

When you enter these values in an EMI calculator, it will first convert the applicable rate of interest into a monthly rate. So, the monthly interest rate will become 14/12, i.e., 1.16%/

Then, the calculator will convert the tenure into months - 2*12, i.e., 24 months.

Finally, the business loan calculator will integrate these values into the EMI formula, as given below:

EMI = [5,00,000*1.16/100*(1+1.16/100) ^ 24/ [(1+1.66)/100) ^ 24-1)

The final EMI would turn out to be Rs 24,006, and the total interest amount would be ₹76,155.

Business loan EMI is calculated using a standardised formula by the online calculator, which is as follows:

EMI = [P x R x (1+R) ^N]/[(1+R) ^(N-1)]

In this Formula:
‘P’ is the Principal Business Loan amount
‘R’ is the applicable rate of interest (monthly)
and ‘N’ is the loan tenure or duration (in months)

Benefits of Using a Business Loan EMI Calculator

You can use a business loan EMI calculator to evaluate your business loan EMI in a hassle-free manner. Here are the benefits of using an EMI calculator for a business loan:

Calculating your business loan EMI manually can be a time-consuming process. By using a business loan EMI calculator, you can get results instantly
You can access a business loan EMI calculator online and use it from the convenience of your home or office
Computing business loan EMI by hand is prone to manual errors. However, with a business loan EMI calculator, you will get accurate results every time
A business loan EMI calculator can help you compare EMIs for different lending options and choose the best one
By knowing your EMIs in advance, you can plan and manage your business loan repayment smartly

Factors That Affect Business Loan EMI

Your business loan EMI primarily depends on three factors. They include:

Loan Amount

The amount that you borrow from a lender plays the most crucial role in determining your business loan EMI. The higher your loan amount is, the higher will be your business loan EMI.

Interest Rate

The rate of interest applicable on your business loan determines the interest that you have to pay on it. A higher rate of interest means larger interest payments and hence, higher EMI.

Loan Tenure

Loan tenure is the duration for which a loan is taken. When you opt for a longer loan tenure, your EMI amount reduces. However, a longer tenure increases the total interest outgo on your business loan.

If you’re planning to apply for a business loan, you can use a business loan calculator to determine your business loan EMI. You can increase or decrease your loan amount and loan tenure to arrive at a suitable repayment schedule.

Other Business Loan Calculators You Can Use

Apart from the business loan EMI calculator, here are a few other business loan calculators you can use for your convenience:

Business Loan Foreclosure Calculator

You can choose to foreclose your business loan even before the end of its tenure by repaying the entire balance amount. A business loan foreclosure calculator can help you calculate the amount you will need to pay to foreclose your business loan. You can also use a business loan foreclosure calculator to know the interest amount that you can save by opting to foreclose your loan.

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Business Loan Pre-Payment Calculator

At times, you may have surplus funds, and you may want to make pre-payments on your business loan. It can help you reduce your loan tenure, EMI, or principal amount. With a business loan pre-payment calculator, you can understand the impact of early loan repayment on your business loan EMI, tenure, and interest amount.

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Business Loan GST Calculator

When you apply for a business loan, you are required to pay a Goods and Services Tax (GST) on your loan amount. A business loan GST calculator can help you calculate the GST amount applicable on your business loan. This way, you can review your total borrowing costs and make an informed decision.

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Popular FAQs

A business loan EMI calculator is an online tool that helps you calculate the monthly installments needed to repay your business loan. Knowing your business loan EMI in advance allows you to manage your expenses and plan your repayments accordingly.

To determine the business loan's EMI, you can use the Tata Capital business loan EMI calculator. You must enter your loan amount, preferred tenure and interest rate. It will show you what the EMI will be for the chosen tenure.

The following entities are eligible to apply for a business loan with Tata Capital:

Self-employed individuals

Proprietorship Firms

Partnership Firms

Limited Liability Partnership Firms

Private Limited companies

Closely Held Public Limited companies

Hindu United Family

Trusts and Societies

To get approved for a business loan, you must have a minimum turnover of Rs 50,000 annually.

At Tata Capital, we offer business loans starting from Rs. 40,000 and going up to Rs. 90 lakhs.

At Tata Capital, we offer unsecured business loans. This means you don't have to put anything up as collateral or security when you apply for a business loan from us.

We provide fast approval for business loan applications. As soon as you submit your business loan application along with the required documents, our team verifies the documents and your loan amount is disbursed to your bank account with minimum delay.

To track the status of your business loan application

The key benefits of calculating your EMI using the Tata Capital business loan EMI calculator are:

It helps you decide how much loan amount you should borrow

It helps you better plan and manage your business loan repayment smartly

It helps you to get an idea as to how much you will be paying monthly

Another major benefit of using the business loan EMI calculator is that you can compare different lending options and choose the best one.

The business loan EMI calculator uses the following method:

EMI = [P x R x (1+R) ^N]/[(1+R) ^(N-1)]

Here,
'P' is the Principal loan amount,

'R' is the applicable rate of interest,

and 'N' is the loan tenure.

In general, EMIs are fixed. However, at Tata Capital, we provide two options for business loan repayment:

Flexi EMI Plan: This plan allows you to decide how you want to repay your business loan.

Fixed EMI plan: In this plan, you can select a suitable loan amount and duration. You can use the EMI calculator to determine an EMI amount that fits your budget.

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