Business Loan EMI Calculator

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Business Loan EMI Calculator

• A Business Loan is an easy way to grow your
  business and increase your revenue. Use the
  Business Loan Calculator to know how much your
  EMI will be.
• A business loan is a simplified way to grow your
  business and increase your revenue. With a
  business loan calculator, one can able to
  calculate the EMI that they will be paying
  throughout the tenure period.
• A Business Loan EMI Calculator is an online tool
  that enables individuals to access a calculator
  to calculate EMI before availing for business
  loans or any loans.  

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• To calculate your business loan EMI, individuals
  can access the online EMI calculator by filling
  in basic loan details such as loan amount,
  repayment tenure and rate of interest.  
• EMI calculators are calculated automatically
  based on the details shared by individuals. This
  provides an approximate estimate of EMI payable.
   
• However, the exact EMI shall be defined by the
  lender at the time of loan approval.

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Benefits of accessing the EMI Calculator

• This helps in saving time and planning for loan
  efficiently
• Gives a clear picture of a detailed overview of
  the loan through an amortization schedule
• Aids to plan finance for the future in a better
  way
• You will be offered varied options to choose
  multiple schedules and EMI installment repayment
  based on requirements

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How does Business Loan EMI Calculator work?

• A business loan calculator helps you to know
  monthly installments you require to pay. It aids
  you to plan your repayment schedule wisely.
• Enter the details on EMI calculator portion
• Principal (Borrowed Loan Amount)
• Interest Rate
• Loan Repayment Tenure
• The calculators use the following formula
• E P x r x ( 1 r )n / ( ( 1 r )n - 1 )
• Where
• E stands for EMI
• P stands for the principal or loan amount
• R stands for the Rate of Interest
• N stands for tenure
• For example, lets stay you are availing a
  Business Loan for 10 lakh at 15 p.a interest for
  a 5-year repayment period.
• The EMI you shall pay is 2,37,899
• Interest Payable - 42,73,958
• Amount Payable - 1,42,73,958