InCred Business Loan EMI Calculator

Using the InCred Business Loan EMI Calculator on Bajaj Markets is simple. Follow these steps to estimate your monthly instalments:

1. Enter the loan amount you need for your business

2. Add the annual interest rate that applies to your loan

3. Select the repayment tenure in months or years

The calculator displays your EMI amount instantly. You also see the total interest and overall repayment amount. This helps you plan your loan repayment in a better way.

Several factors determine your monthly EMI amount for InCred Business Loan. Understanding these factors helps you plan your loan repayment better.

• Loan Amount: The principal amount you borrow directly affects your EMI. A higher loan amount increases your monthly payments. A lower amount reduces the EMI but may limit your business growth.
• Interest Rate: The rate depends on your creditworthiness, business performance, and market conditions. Higher interest rates increase your EMI and total borrowing cost. Lower rates help you save money on repayment.
• Loan Tenure: Longer tenure reduces your monthly EMI but increases total interest paid. Shorter tenure raises your EMI but lowers the overall loan cost. Choose tenure based on your repayment capacity.
• Credit Score: A high credit score helps you get lower interest rates. This reduces your monthly EMI and makes repayment easier. A low score may lead to higher rates and stricter terms.
• Business Revenue: Consistent and higher revenue shows strong repayment capacity. This often leads to better loan terms and lower EMIs. Lenders prefer businesses with stable income.
• Processing Fees and Charges: Processing fees typically range from 2% to 5% of the loan amount. Additional charges may apply based on the lender's terms. These fees increase your total loan cost.
• Prepayment Options: InCred allows part-prepayment or full prepayment of the loan. However, prepayment penalties may apply based on your loan agreement. Early repayment can reduce your principal and future EMIs.

You can pay your InCred Business Loan EMI through multiple convenient methods. Choose the option that suits your preference and make timely payments.

• UPI Apps: Use apps like Google Pay, PhonePe, or Paytm for payment. Select the loan repayment option and enter your loan account number. Complete the transaction instantly through UPI.
• Net Banking: Log in to your bank's net banking portal or app. Go to the loan repayment section and select InCred as the lender. Link your loan account number and complete the payment.
• Debit or Credit Card: Visit the lender's payment portal for card payments. Enter your loan account number and choose the card payment option. Complete the transaction securely online.
• E-Wallets: Use digital wallets like Paytm Wallet for quick payments. Select InCred as your lender and enter your loan details. Proceed with the payment through your wallet balance.
• Bank Branch: Visit your bank branch to make the payment in person. Provide your loan account details to the bank representative. Always collect a receipt for your records.
• Auto-Debit (NACH): Set up automatic EMI deductions through NACH (National Automated Clearing House) at your bank. Fill out the NACH mandate form and authorise automatic deductions. This ensures you never miss an EMI payment.
• Online Payment Platforms: Use third-party platforms that support loan EMI payments. These platforms accept multiple payment methods like cards, UPI, and net banking. Enter your loan details and complete the payment.