Business Loan EMI Calculator
Help us to understand your financial needs
An indicative amount you pay
A business loan EMI is an equated monthly instalment repayment method. When you take a business loan you could repay in several ways. One of the ways of repaying is through equated monthly instalments. EMI's help you to repay the loan in small fixed amounts. EMI is calculated on the basis of the loan amount, tenure of the loan and interest rate applicable for the loan.
We calculate EMIs using three parameters - the amount of loan, the number of years for which the loan is availed and the interest charged on the loan. The loan you take comes at a cost which is the interest charged on the loan amount for the period of the business loan. Since EMI repayment involves paying a fixed sum every month you are reducing your loan for business by that amount. Thus, every month the interest charged is on a reducing balance. Manual calculation of the interest on reducing balance is a tedious affair. But, technology helps us to make EMI calculations easier through a business loan EMI calculator.
You can use the EMI calculator to determine how much-fixed amount you can repay comfortably. You should decide how much EMI you can afford considering the state of your business. The simple way is to determine the surplus which is revenues minus expenses. Based on the surplus generated every month you can decide how much EMI you can afford. EMI is an excellent way to help you manage your finances better since you know exactly how much money you have to repay every month for the agreed tenure to close out the loan.
You can use the Business Loan EMI calculator to decide on the EMI you are comfortable to accept. The EMI calculator seeks three parameters from you which are
You input these values into the calculator and it will tell you the EMI payable. You can iterate by changing the values. Each iteration results in values depicting
Taking a loan is your prerogative and it depends on the state of your business. If you need funds for your enterprise, Tata Capital Business Loan provides you with an unsecured loan with simple formalities.
You are eligible for a business loan if you are between 25 and 65 years of age and your business,
You can avail business loans with the following features
You can use the Business Loan EMI calculator to decide on the EMI you want to pay based on the financials of your enterprise.
You need to produce the following documents in order to apply for a business loan:
We offer business loans if you are
We have specials schemes for women who run MSMEs such as catering business, beauty salons and day care centers.