L&T Finance Business Loan EMI Calculator

A business loan can help businesses set up new facilities, expand operations, or meet various unplanned business expenses. L&T Finance Business Loan is one such loan which, if you are eligible, offers quick disbursal of the loan and even has a very handy EMI calculator to allow you to plan your repayments accordingly.

You can calculate your EMI easily by using the L&T Finance Business Loan EMI Calculator:

• Start by entering your desired loan amount, either by moving the slider or typing the figure directly
  

• Modify the interest rate using the ‘+’ and ‘–’ buttons until it reflects the rate you expect to receive
  

• Choose the loan tenure from the drop-down menu and switch between months and years based on your preference

Once you adjust these details, the calculator automatically updates the results and displays your EMI amount, total payable amount, principal, and overall interest, giving you a clearer view of your repayment plan.

While the EMI calculator offers a quick estimate, you can also calculate L&T Finance Business Loan EMI using the following formula.

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

Where,

• P = Loan amount

• R = Monthly interest rate

• N = Loan tenure in months

Example: Understanding your business loan repayment

If you opt for an L&T Finance Business Loan of ₹75 lakh at an interest rate of 15.50% per annum, your repayment structure will depend on the tenure you choose. A shorter tenure leads to higher monthly instalments but lowers the total interest outflow, while a longer tenure makes the EMI more manageable but increases the overall interest payable.

Below is an example of how your repayment would appear for a 60-month tenure:

Tenure: 60 Months

In your financial planning process, the L&T Finance Business Loan EMI Calculator can serve as a valuable tool by providing clear insights into your repayment structure. Key benefits include:

• Accurate EMI calculations

The calculator uses a reliable algorithm to deliver precise EMI estimates, helping eliminate errors commonly found in manual calculations. This accuracy enables better financial planning.

• Time and resource efficiency

It provides instant results, saving you the effort and time of manual computation. This allows you to focus on more strategic aspects of your business.

• Unlimited free simulations

You can test multiple combinations of loan amounts, interest rates, and tenures offered by L&T Finance at no cost. This flexibility helps you identify the most suitable repayment plan.

• User-friendly interface

The calculator’s simple layout makes it easy to enter your details and view your EMI and repayment schedule with complete clarity.

Several factors influence the EMI amount for an L&T Finance Business Loan. These include:

• Loan amount

A higher loan amount results in a proportionately higher EMI and overall interest cost. It is advisable to borrow only what is necessary for your business requirements.

• Repayment tenure

Opting for a longer repayment tenure can lower your monthly EMIs. L&T Finance offers tenures of up to 60 months. Also, longer durations lead to higher total interest outgo.

• Credit score

A strong CIBIL Score enhances your eligibility for a lower interest rate. A reduced interest rate leads to lower EMIs, making the repayment more manageable.

Repaying your L&T Finance Business Loan EMI is made convenient through a variety of secure payment methods. You can choose a repayment option that fits your schedule and digital comfort, whether you prefer online channels or traditional bank transfers. Below are the ways you can pay your business loan EMIs:

1. Net Banking / Bank Transfer

• Log in to your bank’s net banking portal using your credentials
  

• Add L&T Finance as a beneficiary or biller using your loan account number
  

• Enter the EMI amount and schedule the transfer on or before the due date
  

• This method offers a quick direct transfer from your savings or current account
  

2. UPI Payment

• Open your preferred UPI app (such as Google Pay, PhonePe, or BHIM)
  

• Choose the Send/Pay option and enter the beneficiary details for L&T Finance
  

• Input your EMI amount and authenticate the payment with your UPI PIN
  

• UPI payments are processed instantly, providing a fast way to clear your monthly loan instalments
  

3. Auto-Debit / Standing Instruction

• Set up an auto-debit mandate with your bank to automatically deduct the EMI on the due date each month
  

• Talk to your bank or L&T Finance customer support to register the ECS/NACH auto-debit instruction
  

• This helps avoid missed payments and supports a consistent repayment record
  

4. L&T Finance Customer Portal / Mobile App

• Visit the official L&T Finance customer portal or log in to the mobile app (if available)
  

• Navigate to the loan repayment section and follow the prompts to pay by net banking, debit card, or UPI link
  

• The portal may show your outstanding dues, repayment dates, and payment history for better tracking
  

5. Mobile Wallets / Payment Apps

• Some mobile wallets support loan repayment services
  

• Within the wallet app (e.g., Paytm), choose Bill Payment or Loan EMI payment
  

• Select L&T Finance as the provider, enter your loan account number, and complete the transaction
  

6. Cheque / Demand Draft (Offline)

• Visit your bank branch and issue a cheque or demand draft in favour of L&T Finance
  

• Clearly write your loan account number on the back of the cheque/demand draft
  

• Submit it at the L&T Finance branch or designated collection centre for processing