KreditBee Business Loan EMI Calculator

Check your monthly EMI using KreditBee Business Loan EMI calculator

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You will be surprised to know that the KreditBee EMI Calculator doesn’t require you to be an expert in mathematical and other financial calculations. The convenient design and functionality can help lay borrowers know their EMI amount beforehand, and chalk out a financial plan to meet their EMI obligations. You just have to enter a few simple variables to know the EMI amount immediately.

KreditBee Business Loan EMI Calculator

Loan Amount

Tenure

Rate of Interest

Your Monthly Business Loan EMI

Principal Amount

Total Interest

Total Amount Payable

Amortization Schedule

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Year	EMI	Principal	Interest	Balance

How to Calculate KreditBee Business Loan EMI

Mathematically, the formula for KreditBee EMI calculation can be expressed as:

EMI = P x R x (1+R)N] / [(1+R)N-1], where

P = Principal or your loan amount.
R = Rate of interest.
N = Number of months, or your repayment tenure.

To have a clear picture of your KreditBee EMI payments, you should always remember three crucial factors:
- The two main components of your EMI comprise the amount for principal and interest.
- The interest amount is high initially and decreases towards the end of your EMI schedule.
- The principal amount is low initially and increases towards the end of your EMI schedule.
Also keep in mind that there are two primary components to every KreditBee EMI: the principal amount and the interest amount.
The interest rate will be greater at the start of your term and will gradually fall
Your principal amount will make up a large portion of your EMI towards the end of your repayment tenure.

What is the interest rate in KreditBee?

For business loans up to a maximum of ₹2 Lakhs, the interest rate from 18% p.a. onwards.

Does KreditBee check CIBIL score for business loan?

Yes, your CIBIL score is checked before approving the business loan.

How is the credit score connected to the KreditBee business loan?

If you have a good credit score above 750, it will improve your chances of availing KreditBee business loans. A credit score below 750 would mean you have a bad repayment history, which would make it difficult for you to avail a loan.