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FREE CREDIT SCORE
BEST INTEREST RATES
FREE CREDIT SCORE
BEST INTEREST RATES
Loan EMI ₹
Total Interest ₹
Total Amount Payable ₹
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Top 10 Banks with best interest rates :
(* Onwards)
| Sr no. | Lender | ROI | Loan Amount | PF |
|---|---|---|---|---|
| 1 | HDFC | 10.75%Onwards | Up to 50 Lakh | Upto 2% |
| 2 | SBI | 9.10%Onwards | Up to 50 Lakh | Upto 2% |
| 3 | Axis | 11%Onwards | Up to 50 Lakh | Upto 2% |
| 4 | Bajaj | 14%Onwards | Up to 50 Lakh | Upto 2% |
| 5 | Tata Capital | 12% Onwards | Up to 75 Lakh | Upto 2% |
| 6 | Kotak Mahindra | 16%Onwards | Up to 1 Crore | Upto 2% |
| 7 | IDFC First Bank | 14%Onwards | Up to 50 Lakh | Upto 2% |
| 8 | HDB Financial | 10%Onwards | Up to 30 Lakh | Upto 2% |
| 9 | LendingKart | 15%Onwards | Up to 2 Crore | Upto 2% |
| 10 | NeoGrowth | 15%Onwards | Up to 75 Lakh | Upto 2% |
(*Rate of Interest depends on your Credit Score*)
What is a Business Loan EMI Calculator?
A Business Loan EMI Calculator is an online tool designed to help entrepreneurs and business owners estimate their monthly loan repayments for a business loan. By inputting key details such as the loan amount, interest rate, and loan tenure, the calculator provides an accurate figure of the Equated Monthly Installment (EMI) that the borrower will need to pay. This tool simplifies financial planning by giving businesses an immediate understanding of how much they need to set aside each month for loan repayment, aiding in better cash flow management and decision-making.
Advantages of a Business Loan EMI Calculator:
Using a Business Loan EMI Calculator offers several key advantages for businesses:
Eligibility Criteria for Getting a Business Loan:
To qualify for a business loan, lenders generally evaluate the following criteria:
A business loan is a financial product provided by banks or financial institutions to help businesses meet their funding needs. These loans can be used for various purposes, such as expanding operations, purchasing equipment, managing cash flow, or funding new projects. Business loans are typically repaid in monthly installments (EMIs) over a fixed tenure, and they may come with different terms and interest rates based on the borrower’s creditworthiness.
A business loan calculator is used to determine the Equated Monthly Installment (EMI) for a business loan based on the loan amount, interest rate, and tenure. It helps business owners assess the financial impact of taking a loan by providing an estimate of the monthly repayment. This tool aids in budgeting and ensures that the business can comfortably manage its loan obligations without straining its finances.
The maximum business loan you can get depends on various factors, including the type of business, its financial health, and the lender’s policies. Typically, lenders may offer up to a certain percentage of your business’s annual revenue, but this can vary. The loan amount can also depend on your business’s credit history, collateral (if required), and the loan purpose. It’s best to check with the lender for their specific loan limits and criteria.
No, there is no fee to use the Business Loan EMI Calculator. It is a free, online tool that can be accessed and used by anyone looking to estimate their monthly loan repayments. The calculator is designed to help you plan your finances without any additional costs, making it a valuable resource for business owners.
Using a Business loan EMI calculator before applying is essential because it helps you understand the monthly financial commitment involved. It allows you to assess multiple factors whether the loan is affordable based on your salary, expenses and lets you explore various loan scenarios (loan amount, tenure, interest rates) to find the best fit. By using our calculator, you can make well-informed decisions, avoid surprises, and effectively plan your finances.
