Credit Saison Business Loan EMI Calculator

Calculating the EMI for a Credit Saison Business Loan is crucial for understanding your repayment structure. The EMI includes both principal and interest components, which are distributed over the loan tenure. Here’s how it is calculated using the formula:

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

Where:

• P = The loan amount being borrowed by the applicant

• R = The monthly interest rate, calculated as the annual interest rate ÷ 12

• N = The loan tenure, represented in months

Example

Say you are taking a Credit Saison Business Loan as per the following terms:

• Principal Amount (P) = ₹10 Lakhs

• Monthly Interest Rate (R) = 22% ÷ 12

• Loan Tenure (N) = 3 years (36 months)

Thus, the monthly EMI in this case is approximately ₹38,190. 

Save time and eliminate manual errors by using the business loan EMI calculator on Bajaj Markets. This tool delivers accurate results instantly, helping you plan repayment with ease.

It is both easy and quick to use this EMI calculator, allowing you to adjust terms multiple times and see the impact on EMIs. Follow these simple steps to use the Credit Saison Business Loan EMI Calculator:

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

Instantly view your estimated monthly EMI, total interest payable, and overall loan repayment amount

Knowing the factors that determine the EMI for your business loan gives you the freedom to adjust them to reduce your cost of borrowing. Here they are:

• Loan Amount

Your EMI is directly influenced by the loan amount. Borrowing a larger sum increases the EMI, so it is advisable to take only the amount necessary for your business requirements.

• Interest Rate

The lender’s interest rate significantly affects the EMI. Higher rates increase both the EMI and total interest payable, while lower rates reduce the EMI and overall cost of the loan.

• Repayment Tenure

The repayment duration also shapes your EMI. A longer tenure lowers the EMI but increases the total interest, whereas a shorter tenure raises the EMI but reduces overall interest payments.

• Prepayment and Foreclosure Options

Loans that allow you to make part-prepayment or foreclose early offer flexibility. They help you lower your interest liability and potentially reduce future EMIs.