Personal loan starting
@ 11.99% p.a
All you need to know
Personal loan for all your needs
Check Your Credit Score
Higher credit score increases the chances of loan approval. Check your CIBIL score today and get free insights on how to be credit-worthy.
Check Credit ScoreHome Loan with instant approval starting
@ 8.75% p.a
All you need to know
Home Loan for all your needs
Calculators
Business loan to suit your growth plan
All you need to know
Business loan for all your needs
Looking for Secured Business Loans?
Get secured business loans with affordable interest rates with Tata Capital. Verify eligibility criteria and apply today
Know MoreExplore Used Car Loans
Explore New Car Loans
Explore Two Wheeler Loans
Calculators
Avail Loan Against Securities up to ₹40 crores
All you need to know
Explore Loan Against Securities
Calculators
Check Your Credit Score
Higher credit score increases the chances of loan approval. Check your CIBIL score today and get free insights on how to be credit-worthy.
Check Credit ScoreAvail Loan Against Property up to ₹ 10 Crores
All you need to know
Loans for all your needs
Calculators
Get Education Loan up to Rs. 2 crores
All you need to know
Calculators
All you need to know
Calculators
All you need to know
Calculators
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.
A business loan EMI calculator is a simple online tool that helps you evaluate the monthly installments that you need to pay for the repayment of your business loan. Your business loan EMI depends primarily on three factors - loan amount, loan tenure, and the applicable rate of interest. Hence, you can enter these three values in a business loan calculator and know your business loan EMI within a few seconds.
Tata Capital’s Business Loan EMI Calculator is incredibly quick and easy to use. You can simply enter the required values in the relevant boxes, and our EMI calculator business loan will instantly display your business loan EMI and the total interest amount payable on your business loan. By knowing your business loan EMI in advance, you can manage your expenses and plan your repayments accordingly.
Loan amortization refers to the process of repaying a business loan over the chosen settlement period. The amortization schedule is a table of your repayment schedule for a business financing through regular Equated Monthly Installments (EMIs).
A loan is made up of two primary components. The first is the principal amount, which refers to the amount borrowed, and the second is the rate of interest, which is the cost of borrowing money from a lender. When you take a business funding, you agree to repay the amount borrowed along with the interest charged. The amortization schedule breaks down each repayment into these two components (principal and interest) and helps you understand the intricacies of your monthly EMIs.
The business loan amortization schedule primarily includes details like your pending loan settlements until the end of the loan term, the principal amount you borrowed, and the rate of interest charged on your business funding. In addition, it also offers information on the following:
Installment amount
Installment number
Due date
Principal component
Interest component
Closing principal
A EMI calculator for business loan can help you understand the amortization schedule of your loan. Here’s an example of how it is calculated:
Consider a scenario where you take a business loan of Rs. 25 lakh for a period of 150 months at an interest rate of 12% per annum. In this case, your loan agreement details will be as follows:
| Business loan amount | Rs 25,00,000 |
| Number of EMIs | 150 |
| Annual interest rate | .1200 |
| Monthly interest rate | .01000 |
| Monthly EMI payment | Rs 32249.69 |
| Total loan amount payable | Rs 4837453.63 |
| Total interest payable | Rs 2337453.63 |
Keeping these details in mind, the business financing amortization schedule for the first ten installments will be as follows:
| Period | EMI amount | Interest amount | Principal amount | Balance amount |
|---|---|---|---|---|
| 0 | Rs 2500000.00 | |||
| 1 | Rs 32249.69 | Rs 25000.00 | Rs 7249.69 | Rs 2492750.31 |
| 2 | Rs 32249.69 | Rs 24927.50 | Rs 7322.19 | Rs 2485428.12 |
| 3 | Rs 32249.69 | Rs 24854.28 | Rs 7395.41 | Rs 2478032.71 |
| 4 | Rs 32249.69 | Rs 24780.33 | Rs 7469.36 | Rs 2470563.35 |
| 5 | Rs 32249.69 | Rs 24705.63 | Rs 7544.06 | Rs 2463019.29 |
| 6 | Rs 32249.69 | Rs 24630.19 | Rs 7619.50 | Rs 2455399.79 |
| 7 | Rs 32249.69 | Rs 24554.00 | Rs 7695.69 | Rs 2447704.10 |
| 8 | Rs 32249.69 | Rs 24477.04 | Rs 7772.65 | Rs 2439931.45 |
| 9 | Rs 32249.69 | Rs 24399.31 | Rs 7850.38 | Rs 2432081.07 |
| 10 | Rs 32249.69 | Rs 24320.81 | Rs 7928.88 | Rs 2424152.19 |
As you can see, the business loan amortization schedule helps you see the interest component in each loan EMI. It also helps you make a note of the remaining principal balance after every repayment. When you know the exact amount of your monthly payment, you can plan your budget accordingly and cater to other financial goals. You can also plan the prepayment of your business financing with greater ease.
Additionally, you can use the interest rate calculator on our app for business loan to determine the loan amortization schedule of different loan offers to compare multiple lenders and their loan terms and save on interest.
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:
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
For instance,
Suppose you have taken a business loan of Rs. 5 lakhs at an interest rate of 14% per annum for two years
Now, you enter these values in a business loan calculator to check your business loan EMI
As soon as you enter these values in a business loan EMI calculator, it will first convert the applicable rate of interest into a monthly rate by dividing it by 12. So, the applicable monthly interest rate would be 14/12, i.e., 1.16%
Then, it will convert the tenure into months. So, the business loan tenure, in this case, would be 2x12, i.e., 24 months
Now, the business loan calculator will integrate these values into the EMI formula:
Your payable EMI would turn out to be Rs. 24,006, and the total interest amount would be Rs. 76,155
A business loan EMI calculator uses the following formula to calculate business loan EMI:
EMI = [P x R x (1+R) ^N]/[(1+R) ^(N-1)]
Here,
‘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)
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
Your business loan EMI primarily depends on three factors. They include:
Apart from the business loan EMI calculator, here are a few other business loan calculators you can use for your convenience:
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:
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:
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:
Submitted successfully
Uh oh, something went wrong
Please try again later.
Start an SIP in minutes by signing up with the Tata Capital Moneyfy App. We are your one stop shop for all things investment.
SMS sent successfully!
An SMS has been sent to XXXXXXX051
Click on the link in the
message
to download the Moneyfy App.
Looking for a seamless loan experience? Get the Tata Capital Loan App and Apply for loans, Download Account Statement/Certificates, Track your requests & much more.
SMS sent successfully!
An SMS has been sent to XXXXXXX051
Click on the link in the
message
to download the Moneyfy App.
Thank you for subscribing
We will send news and updates to your registered email ID
Trust the links that start from https://www.tatacapital.com
Do not make payments in any individual’s bank accounts.
Call our Customer Care Number 1860 267 6060 for assistance
For any assistance, contact our customer support
rahul.sharma@gmail.com
Click allow button to receive notifications
SMS sent successfully!
