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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.

Your Business Loan EMI

₹ 2,877

Total Interest Amount

₹ 72,608

Principal Amount

₹ 100,000

Total Payable Amount

₹ 172,608

Loan Amount

Interest Rate

- +

Tenure

- +

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

How to Calculate InCred Business Loan EMI

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.

Benefits of Using InCred Business Loan EMI Calculator

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.

Disclaimer

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.

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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.

Does the loan tenure affect my EMI for InCred Business Loan?

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.

What are the minimum and maximum loan amounts from InCred?

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