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IIFL Finance Business Loan EMI Calculator

Know about the EMI amount of your IIFL Finance Business Loan and compare it with other options with this calculator on Bajaj Markets. You can check the instalment amount, total interest charges payable, and the overall cost of the loan.

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With this, you can help you get deeper insights into the repayment of your loan and plan for any prepayment accordingly.

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Your Business Loan EMI
₹ 85,791
Total Interest Amount

₹ 1,117,969

Principal Amount

₹ 30,00,000

Total Payable Amount

₹ 41,17,969

Loan Amount i
Interest Rate
- +
Min value reached
Max value reached
Tenure
Months arrow-down-img
  • Years
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Use the calculator for instant comparisons between loan offers from multiple business loan providers on Bajaj Markets. 

 

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Evaluating the cost of borrowing also helps in better financial planning and budgeting.

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How to Calculate the IIFL Finance Business Loan EMI

Here’s how to go about the process of finding out what your monthly loan instalment comes to:

Suppose you secure a business loan of ₹30 Lakhs at an interest rate of 16.50% p.a. for a 48-month tenure, you can use the following formula to calculate the IIFL Finance business loan EMI.

EMI = P × R × (1 + R)^N / [(1 + R)^N - 1]

Here:

  • P = Loan amount borrowed

  • R = Monthly rate of interest (annual rate divided by 12)

  • N = Loan tenure in months

Thus,

  • Loan Amount (P): ₹30,00,000

  • Monthly Interest Rate (R): 16.50% / 12 

  • Loan Tenure (N): 48

By entering these values into the calculator, the EMI comes to approximately ₹85,791 per month.

Manual calculation can be time-consuming and error-prone, so using the business loan EMI calculator ensures accurate and instant results. This tool simplifies complex calculations while giving you precise information.

How to Use the IIFL Finance Business Loan EMI Calculator

The EMI calculator is simple and user-friendly. Follow the steps below to calculate your monthly instalments and gain clear insights into the EMI payable:

  1. Head to the calculator on this page

  2. Enter the principal amount of your IIFL Finance Business Loan

  3. Input the interest rate applicable to the loan

  4. Enter your chosen repayment tenure

Once you submit these details, the calculator instantly displays your estimated EMI, total interest payable, and overall repayment amount.

Benefits of Using the IIFL Finance Business Loan EMI Calculator

Free Tool

The IIFL Finance Business Loan EMI Calculator is completely free to use. You can access it online anytime, anywhere, without paying any fees.

Easy to Use

The online calculator is quick, easy to use, and saves time. You can use it for calculations from the comfort of your home or on the go for better business loan planning.

Accurate Results

The IIFL Finance Business Loan EMI Calculator provides instant and accurate results within seconds. This saves time and helps you plan your repayment efficiently.

Better Loan Management

With the help of this EMI calculator, you can understand how different loan amounts and tenures affect your EMIs. 

It also shows how a small difference in interest rates can have a big impact on the overall cost of the loan. This simplifies comparing options and planning how much to borrow.

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Factors Affecting IIFL Finance Business Loan EMIs

Understanding the factors that influence your EMIs is essential for effective repayment planning and for selecting a loan suited to your business requirements.

  • Credit Score and Financial History

A strong credit profile and a record of timely repayments often result in lower interest rates, which leads to reduced EMIs. Conversely, a poor credit history may lead to higher borrowing costs.

  • Loan Principal

The principal amount significantly impacts EMIs. Higher loan amounts provide greater capital for business expansion, but increase monthly instalments. Smaller loan amounts keep EMIs affordable but may limit funding. Find the ideal balance between the two based on repayment capacity. 

  • Annual Interest Rate

Interest rates directly determine the cost of borrowing. Higher rates increase EMI amounts and overall interest outgo, whereas competitive rates help reduce monthly repayment obligations.

  • Repayment Tenure

The loan tenure influences both EMIs and total interest. Longer tenures lower monthly instalments but increase the overall costs of borrowing. Shorter tenures, on the other hand, reduce the total interest but increase EMIs. 

  • Part-Prepayments

Prepaying an amount over and above your EMIs helps reduce your outstanding principal, which either decreases your future EMIs or loan tenure. This also helps reduce the overall interest dues. However, make sure you review any applicable prepayment charges before proceeding. 

  • Processing Fees and Additional Costs

Charges such as processing fees, late payment penalties, or administrative costs can add to the overall borrowing cost and must be factored into total loan expenses. All of these can add to the overall borrowing cost.

  • Business Revenue and Cash Flow

Consistent revenue and stable cash flow demonstrate better repayment capacity and may help you secure favourable interest rates. This results in lower EMIs. Businesses with irregular income streams may face stricter terms and end up with higher instalments.

Other IIFL Finance Business Loan Related Pages

Other Bajaj Markets Business Loan Partners EMI Calculators

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FAQs on IIFL Finance Business Loan EMI Calculator

IIFL Finance Business Loan EMI Calculator

What is the interest rate of the IIFL Finance Business Loan?

You can apply for an IIFL Finance Business Loan on Bajaj Markets and benefit from interest rates starting from 16.50% per annum.

Yes. The longer the loan tenure, the smaller the EMIs of your business loan, keeping all other terms constant. For example, the EMI for a 5-year tenure will be lower than that for a 2-year tenure if the loan amount and interest rate are the same. 

Understanding your EMI before applying for an IIFL Finance Business Loan makes loan planning clearer and more effective. On Bajaj Markets, you can compare EMIs across lenders and select the most economical option for your business. Careful evaluation right at the start helps you make informed borrowing decisions and plan repayment efficiently. 

A repayment schedule shows how much you pay as EMI for your business loan every month. You can use an IIFL Finance Business Loan EMI Calculator to compute this and sketch out a repayment schedule.

You cannot directly check the impact of prepayment through the IIFL Finance Business Loan EMI Calculator. This tool only estimates instalments based on the loan amount, interest rate, and tenure. Prepayment charges are not included in the calculation. 

Once you confirm the applicable prepayment terms with the lender, you can input the revised loan balance and tenure to view the updated EMI.

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