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HDB business loan EMI calculator assists you in planning your monthly budget and expenses by providing you with a realistic view of your monthly commitments. This is a powerful tool that can assist you in making informed decisions about the size and term of your business loan.

## HDB Business Loan EMI Calculator

Loan Amount
Tenure
Months
Rate of Interest
Principal Amount
Total Interest
Total Amount Payable
Amortization Schedule
Year EMI Principal Interest Balance

## HDB Business Loan EMI Calculation

The HDB Business Loan EMI Calculator takes into account the following factors:

1. Amount of the loan

2. Tenure of Repayment

3. Interest Rates

The formula is as follows:

E = P * r * (1+r)^n / ((1+r)^n-1)

• EMI is represented by the letter 'E'.

• The Principal Loan Amount is denoted by the letter 'P.'

• The monthly interest rate is denoted by the letter 'r.'

• The loan's tenure, or duration, is denoted by the letter 'n.'

## HDB Business Loan at Different Tenures

 Loan principal amount @interest rate EMIs for 12 months tenure EMIs for 36 months tenure EMIs for 60 months tenure Rs. 1 Lakhs @ 16% Rs. 9,073 Rs. 3,516 Rs. 2,432 Rs. 10 Lakhs @18% Rs. 91,680 Rs. 36,152 Rs. 25,393 Rs. 15 Lakhs@20% Rs. 1,38,952 Rs. 55,745 Rs. 39,741 Rs. 20 Lakhs@24% Rs. 1,89,119 Rs. 78,466 Rs. 57,536

## Benefits of Using HDB Business Loan EMI Calculator

• ### Obtain reliable results

Calculating the EMI amount by hand is prone to error, and errors have no place in the financial planning of a corporation. Meanwhile, the HDB business loan EMI calculator is almost never wrong and always gives you exact figures on the spot.

• ### Compare and contrast different lenders

Another significant benefit of calculating your monthly installments ahead of time is comparing the EMI levels offered by various lenders. This will assist you in selecting the appropriate lender and making an informed decision before taking out a business loan.

• ### Better money management

The most important advantage of using the HDB business loan EMI calculator is that it allows you to better manage your money for the future. You can obtain a good idea of your monthly budgets and how much you'll have to pay in loan payments each month.

• ### Evaluate your financial capability

With the help of the HDB business loan EMI calculator, you can figure out how much business financing you can afford. You can then borrow an appropriate loan amount and choose a loan term that fits your company's cash flow.

## Factors Affecting HDB Business Loan EMI

• ### Amount of the loan

Your EMI is determined by the amount you intend to borrow. The EMI is higher when the amount is higher, and it is lower when the amount is lower. However, it is also dependent on the loan's term.

• ### Interest rate

It is critical to select the loan rate of interest with attention. When the interest rate is high, the EMI is high, and when the interest rate is low, the amount is low.

• ### Tenure of Repayment

The length of the loan is also a factor in determining the EMI. A longer tenure means lower EMI, but a shorter tenure means a higher EMI. The interest and principal payments are not the same, even though the EMI amount remains the same. These payments fluctuate from month to month, but the principal amount remains the same.

With HDB business loan EMI calculator, calculating EMI is a breeze; all you have to do is enter your loan amount, the rate of interest you'll be paying, and the loan's term. Once you've completed the form, you'll be able to see an estimate of how much you'll have to pay in monthly installments plus interest.

### DISCLAIMER

The information and suggestions provided by BFDL hereinabove is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial advice or endorsement of any sort.

The information including interest rates or fees, loan amount and other charges with regard to any product, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks or NBFCs. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any application or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products.