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Business Loan EMI Calculator

Tools and Calculators

  • EMI Calculator
Loan Amount
2,00,000 10,00,000 25,00,000
Rate of Interest
%
11.25% p.a. 15% p.a. 19% p.a.
Loan Duration
Mo
12 Months 60 Months 120 Months
  • EMI Amount

    20,000*

  • EMI Amount

    Principal + Interest

    9,59,995*
  • Interest Payable
    2,59,995*
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What is a Business Loan EMI Calculator?

An EMI calculator for a Business Loan helps you to understand the EMI that you will pay towards the principal payments and interest payment over the loan tenure. Use the EMI calculator to know how much money you can pay monthly over a course of time to repay your loan. With the help of EMI calculator, you can plan your monthly instalments and conveniently pay off the loan.

What does Business Loan EMI stand for?

EMI stands for Equated Monthly Instalments. It is the payment that you make for any loan undertaken for a fixed tenure to pay off the loan.  You can take time between 12 to 36 months to repay your business loan with Tata Capital. Your EMI will include principal and interest payments made every month towards the repayment of the loan. Though the amount of EMI does not change, the percentage of principal & interest will change month on month. Initially, the interest is higher but gradually the principal payment is more. The exact percentage of principal and interest will depend on the interest rate charged and the tenure for which the loan is taken.

How to calculate your Business Loan EMI using a calculator?

Enter the following information to calculate your EMI:

  • Business Loan Amount (the loan amount you wish to get)
  • Interest Rate (Tata Capital Business Loan interest rate starts at 19%)
  • Business Loan Tenure (Tata Capital offers tenure of 12 -36 months)
  • Click the Calculate button. The system shows your EMI monthly break-up of both the interest and principal payment.
  • If the Business Loan EMI is higher or lower than you want to pay, edit the principal amount and follow the same steps from 2 to 4.
FAQ

You can use a business loan EMI calculator by following these simple steps.

Step 1 – Set the principal loan amount you desire to borrow

Step 2 – Set the business loan rate of interest

Step 3 – Set the loan tenure in months or years

Once done, the calculator will automatically display the business loan EMI amount and the interest payable on your business loan within seconds. 

Business loan EMI can be calculated when the three basic inputs – principal loan amount, rate of interest, and loan tenure – are known. There are typically two methods of calculating business loan EMI, as given below –

  • Manual Method – This method of calculating business loan EMI involves manual calculation using a formula. The formula is – E = P x r x [(1+r)n/(1+r)n]-1 where E stands for EMI, P stands for Principal loan amount, r stands for the rate of loan interest, and n stands for the loan tenure in months.

  • Automatic Method – This method of calculating business loan EMI is an advanced and time-saving method wherein you just need to input the values of principal loan amount, rate of interest, and loan tenure in an online business loan EMI calculator and your results will be displayed automatically and within seconds.

Using a business loan EMI calculator offers the following benefits –

  • Fast – Lightning fast, displaying results automatically and in within seconds

  • Accurate – Not susceptible to errors as opposed to manual calculations

  • Easy to Use – User-friendly, requiring only three basic inputs – principal amount, rate of interest, and loan tenure

  • Free of Charge – Completely free online tool

  • Maintains Anonymity – Keeps personal information safe by maintaining anonymity

Knowing your business loan EMI in advance comes with the following benefits –

  • Financial planning – Manage finances better by knowing the exact amount needed to shelve out each month

  • Assessing affordability – Find out whether your business loan is within your repayment ability

  • Determining loan tenure – Opt for a shorter tenure to not only close your loan sooner but also to avoid higher interest outgo.

The optimum business loan EMI is one that you can comfortably pay off without disturbing your other monthly financial commitments. It is possible to select a loan EMI option that sits well with your repayment capacity with the following tips –

  • Opt for a higher downpayment – Downpayment is the portion of the loan amount you need to pay upfront to your lender. If you have sufficient liquid funds, choosing a higher downpayment will reduce the principal loan amount on which interest will be charged, thereby reducing your loan EMI.

  • Choose a longer loan tenure – Loan tenure is inversely proportional to the EMI. So, if you choose a longer tenure, your business loan EMI amount will reduce. 

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