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HDB Business Loan EMI Calculator

Use this EMI calculator to check the probable instalment amount of your HBD Business Loan. Through this, you can easily compare the loan offer with other options available on Bajaj Markets. Additionally, you can assess how the EMI helps service the loan and plan your prepayments through the free amortisation schedule generated by the tool on each calculation.

Your Business Loan EMI

₹ 2,539

Total Interest Amount

₹ 52,361

Principal Amount

₹ 100,000

Total Payable Amount

₹ 152,361

Loan Amount

Interest Rate

- +

Tenure

- +

Check Offer

You can also make instant comparisons between loan offers from multiple Business Loan providers on Bajaj Markets.

HDB Business Loan EMI Calculation

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

Amount of the loan
Tenure of Repayment
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

The advantages of adopting HDB loan EMI calculator are as follows:

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. A good CIBIL score can help you secure a loan with better terms, potentially allowing for more favourable repayment schedules.

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.

Frequently Asked Questions

How is EMI Duration calculated?

EMI is calculated using the following formula: EMI = P r (1 + r)n/((1 + r)n - 1), where P is the loan sum, r is the interest rate, and n is the term in months.