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You will be surprised to know that the KreditBee EMI Calculator doesn’t require you to be an expert in mathematical and other financial calculations. The convenient design and functionality can help lay borrowers know their EMI amount beforehand, and chalk out a financial plan to meet their EMI obligations. You just have to enter a few simple variables to know the EMI amount immediately.

## KreditBee Business Loan EMI Calculator

Loan Amount
Tenure
Months
Rate of Interest
Principal Amount
Total Interest
Total Amount Payable
Amortization Schedule
Year EMI Principal Interest Balance

## How to Calculate KreditBee Business Loan EMI

Mathematically, the formula for KreditBee EMI calculation can be expressed as:

EMI = P x R x (1+R)N] / [(1+R)N-1], where

• P = Principal or your loan amount.

• R = Rate of interest.

• N = Number of months, or your repayment tenure.

1. To have a clear picture of your KreditBee EMI payments, you should always remember three crucial factors:
• The two main components of your EMI comprise the amount for principal and interest.
• The interest amount is high initially and decreases towards the end of your EMI schedule.
• The principal amount is low initially and increases towards the end of your EMI schedule.
2. Also keep in mind that there are two primary components to every KreditBee EMI: the principal amount and the interest amount.
3. The interest rate will be greater at the start of your term and will gradually fall
4. Your principal amount will make up a large portion of your EMI towards the end of your repayment tenure.

## FAQs for KreditBee Business Loan EMI Calculator

### What is the interest rate in KreditBee?

For business loans up to a maximum of ₹2 Lakhs, the interest rate from 18% p.a. onwards.

### How is the credit score connected to the KreditBee business loan?

If you have a good credit score above 750, it will improve your chances of availing KreditBee business loans. A credit score below 750 would mean you have a bad repayment history, which would make it difficult for you to avail a loan.

### Is there any precondition for you to apply for a KreditBee business loan?

Yes, there are some conditions that you need to fulfil in order to be able to apply for a business loan on KreditBee. They are as follows:

• You must be an Indian citizen.

• You must be above 21 years of age and less than 45 years of age.

• You must have a PAN card and a registered mobile number.

• You must have a minimum income of ₹10,000 per month.

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