Credit Saison Business Loan EMI Calculator

You can use this EMI calculator easily and quickly. The tool allows you to adjust loan terms multiple times. You can see how changes affect your EMI instantly.

Follow these steps to calculate Credit Saison's Business Loan EMI:

1. Input the loan amount using the slider or input box.

2. Enter the interest rate offered by Credit Saison.

3. Select the repayment period that works for you.
    

You can view your estimated monthly EMI right away. The calculator also shows the total interest payable. You will see the overall loan repayment amount on the screen.

Understanding your repayment structure is important before taking a loan. Calculating the EMI of Credit Saison’s Business Loan helps you plan your finances better. The EMI includes both principal and interest components. These components are spread over the loan tenure you choose.

You can calculate the EMI using this formula:

EMI Formula: EMI = [P × R × (1+R)^N] ÷ [(1+R)^N - 1]

Where:

• P = The loan amount you borrow
• R = The monthly interest rate (annual interest rate ÷ 12)
• N = The loan tenure in months

Example

Suppose you take a Credit Saison’s Business Loan with these terms:

• Principal Amount (P) = ₹10 Lakhs
• Monthly Interest Rate (R) = 22% ÷ 12
• Loan Tenure (N) = 3 years (36 months)

Here is a detailed calculation of the EMI amount you will have to pay if you take a business loan of ₹10 Lakhs at an annual interest rate of 22% for 36 months.

Note: The EMI and interest values shown above are approximate figures generated by the calculator. The actual amount may vary based on factors such as your credit history, net income, and existing debts. 

You can save time by using the Business Loan EMI Calculator on Bajaj Markets. The tool eliminates manual errors and delivers accurate results instantly. You can plan your repayment with ease using this calculator.

Understanding the factors that determine your EMI helps you manage costs better. You can adjust these factors to reduce your overall borrowing expense. Here are the key elements that affect your business loan EMI.

• Loan Amount: Your EMI increases when you borrow a larger sum. The loan amount directly influences your monthly repayment. You should borrow only the amount necessary for your business requirements. This keeps your EMI manageable and reduces financial burden.
• Interest Rate: The interest rate significantly affects your EMI amount. Higher rates increase both your EMI and total interest payable. Lower rates reduce your EMI and overall loan cost. The lender determines the interest rate based on various factors.
• Repayment Tenure: The repayment duration shapes your EMI structure considerably. A longer tenure lowers your monthly EMI but increases total interest. A shorter tenure raises your EMI but reduces overall interest payments. You need to balance tenure with your repayment capacity.
• Prepayment and Foreclosure Options: Some loans allow you to make part-prepayment or foreclose early. These options offer flexibility in managing your loan. You can lower your interest liability through prepayments. Early closure potentially reduces your future EMIs and total loan cost.

You have multiple payment options to clear your EMI on time. Choose the method that works best for your convenience. Here are the available ways to make your payment.

• Digital Payments via App/Portal: Download the Credit Saison India app or visit privo.creditsaison.in for payments. Log in with your mobile number and OTP for access. Select your loan account and choose your payment method. Pay via UPI, net banking, or debit card for instant confirmation.

• UPI and Net Banking: Choose UPI to link your preferred app like Google Pay or PhonePe. Authorise the payment with your UPI PIN for instant transfer. Select net banking to log in through your bank credentials. The amount gets debited directly from your account with immediate confirmation.
• Partner Platforms and Wallets: Pay through apps like Paytm that list Credit Saison as a biller. These platforms support digital wallets and credit cards for payment. 

• NACH/Auto-debit: Set up an e-mandate (Electronic Mandate) at loan sanction for automatic payments. The EMI gets deducted from your account every month automatically. Maintain sufficient bank balance to avoid penalties or payment failures.

• Cheques and Cash: Cheques are mainly used for security at loan disbursal. They are not typically used for routine EMI payments. Cash payments are rarely accepted by Credit Saison. Some designated partners may accept cash with proper receipts.

• Confirm Your Options: Check your loan agreement for exact payment methods available. Contact support via the app or website for clarification. This prevents payment delays or unnecessary charges on your account.