EMI Calculator for Business Loan


The Business Loan EMI Calculator is an online tool that helps you calculate your loan installment before you apply for a business loan or any other type of loan. You just need to enter some basic details like the loan amount, repayment duration, and interest rate into the calculator. It then automatically calculates the monthly installment (EMI) based on the information you provided. However, the final EMI amount will be determined by the lender when your loan is approved.

Comparison Table of Business Loan Interest Rates offered by MybankingTips Partners:

Bank/NBFC/Fintech Interest Rate  
SBI Bank 9.10% p.a. Apply Now
HDFC Bank 10.00% - 22.50% p.a. Apply Now
Kotak Mahindra Bank 16% p.a. onwards Apply Now
RBL Bank 14%-26% p.a. Apply Now
ICICI Bank Up to 17% p.a. Apply Now
Axis Bank 10.75% p.a. Apply Now
IDBI Bank 8.05% to 13.45% p.a Apply Now
Bank Of Baroda 10% to 15% p.a Apply Now
Ujjivan Small Bank Up to 2.50% Apply Now
Bajaj Finserv 9.75% - 25% p.a. Apply Now
IIFL Finance 12.75% - 44% p.a. Apply Now
FlexiLoans 1% per month onwards Apply Now
ZipLoan 1% - 1.5% per month (Flat) Apply Now
Indifi Finance 1.5% per month onwards Apply Now
Five Star Business Finance Up to 2% Apply Now
Lendingkart Finance 1.25% per month onwards Apply Now
Tata Capital Finance 12% p.a. onwards Apply Now
NeoGrowth Finance 15% p.a. onwards Apply Now
Hero FinCorp Up to 26% p.a. Apply Now
Aye Finance Up to 2.5% Apply Now
Clix Capital Up to 3% Apply Now
Protium Finance Up to 1.5% Apply Now
HDB Finance 8% - 26% p.a. Apply Now
U GRO Capital Up to 9% p.a. Apply Now
Mcapital Business Up to 2% p.a. Apply Now

Business Loan EMI Calculator

Benefits of accessing the EMI Calculator

  • Helps you plan your loan more easily and quickly.
  • Breaks down your loan into simple payments.
  • Shows how much you'll pay each month for your business loan.
  • Helps you plan your money better for the future.
  • Allows you to select different repayment schedules and installment durations according to your needs.

 

Factors that affect Business Loan EMI

  • Rate of interest – It's important for deciding your loan payments, so make sure to compare different loan options from different lenders. Don't just go for the lowest interest rates; look out for any extra fees and rules before you apply for a loan.
  • Repayment Tenure – The length of time you have to repay the loan, called the loan term, is also important in deciding your monthly payments. A longer term means lower monthly payments, while a shorter term means higher payments.
  • Loan amount – The size of the loan you're taking out determines how much you'll pay each month. If you borrow more money, your monthly payment will be higher, and if you borrow less, your payment will be lower. However, the length of time you have to pay back the loan also affects your monthly payment.

Frequently Asked Questions

Customer's gold ornaments are securely stored in a safe room constructed in compliance with government regulations. These rooms are equipped with electronic surveillance to ensure the protection of the gold.

Shriram Finance provides insurance for the gold kept as collateral by you. This ensures that in the event of theft, the borrower doesn't need to worry about the security of the gold.

The interest rate starts from 11.4% per annum (*p.a.) and you can select a loan tenure ranging from 1 month up to 12 months.

Salaried individuals, self-employed professionals, business owners, and other individuals aged between 18 and 75 years can apply for Shriram Finance Gold Loan.

The minimum age requirement is 18 years, and the maximum age limit is 75 years at the time of loan maturity.