BAJAJ FINSERV DIRECT LIMITED

InCred Business Loan EMI Calculator

Use the InCred Business Loan EMI Calculator to get an estimate of the EMI amount you may have to pay.

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This free tool available on Bajaj Markets enables you to get instant results and understand how the EMIs ensure the loan repayment in a hassle-free manner. 

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Your Business Loan EMI
₹ 2,877
Total Interest Amount
₹ 72,608
Principal Amount
₹ 100,000
Total Payable Amount
₹ 172,608
Loan Amount i
Interest Rate
- +
Min value reached
Max value reached
Tenure
- +
Min value reached
Max value reached

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

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You can also evaluate the total interest amount and overall payable amount for better financial planning and budgeting.

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The EMI (Equated Monthly Instalment) for an InCred Business Loan is calculated using the following formula:

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

where:

  • P = Loan Amount (Principal)

  • R = Monthly Interest Rate (Annual interest rate divided by 12)

  • N = Loan Tenure in Months

Let’s assume:

  • Loan Amount (P): ₹10,00,000

  • Annual Interest Rate: 29.5% (so the monthly interest rate, R, is 29.5 ÷ 12 = 2.458% or 0.02458)

  • Loan Tenure (N): 24 months

EMI = [10,00,000 × 0.02458 × (1 + 0.02458)^24] ÷ [(1 + 0.02458)^24 - 1]

EMI = [10,00,000 × 0.02458 × 1.73378] ÷ [1.73378 - 1]

EMI = [42,609.86] ÷ [0.73378]

EMI = ₹55,655

So, the monthly EMI for this loan will be approximately ₹55,655.

Note: Use the business loan EMI calculator for accurate EMI calculations based on your loan amount, interest rate, and tenure.

Easy to use

Calculating the EMI amount using an InCred Business Loan EMI calculator is an extremely convenient and a hassle-free process.

Instant Results

As an online tool, it is quick and gives instant results in a few clicks.

Accurate Calculations

The EMI Calculator gives accurate results and is relied upon by most of our users.

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Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.

FAQs on InCred Business Loan EMI Calculator

How do I calculate InCred Business Loan EMI?

You can use the online EMI calculator or the mathematical formula to calculate the EMI amount. Simply, put your loan amount, interest rate and tenure to derive it.

Yes, the loan tenure will directly affect the EMI amount of the business loan. A longer tenure results in smaller monthly instalments but increases the total interest payable over time. A shorter tenure means your EMIs will be higher, but the overall interest will be lower.

The minimum loan amount that one can get from InCred is ₹1,00,000 while the maximum amount is ₹3,00,000.

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