L&T Finance Business Loan EMI Calculator

Use the L&T Finance Business Loan EMI Calculator to plan your repayments. Get quick estimates of your EMI, total interest, and repayment amount. Whether expanding operations or managing working capital, this tool helps you make informed borrowing decisions and stay in control of your business finances.

While the EMI calculator offers a quick estimate, you can also calculate the 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:
Suppose you borrow ₹7 Lakhs at an annual interest rate of 15.5% for a tenure of 36 months.

• R = 15.5 / 12 / 100 = 0.0129167

• EMI = [700000 × 0.0129167 × (1 + 0.0129167)^36] / [(1 + 0.0129167)^36 – 1] = ₹25,256

Manual EMI calculations can be time-consuming and prone to error. Using an EMI calculator ensures quick, accurate results and provides a detailed view of your interest and repayment amounts.

Using the L&T Finance Business Loan EMI Calculator on Bajaj Markets is easy. To begin the calculation, keep the following details ready:

• Principal Amount: The loan amount you want to borrow

• Interest Rate: The annual rate charged by the lender on the borrowed amount

• Tenure: The loan repayment period

Follow these steps to calculate your EMI:

1. Visit the EMI calculator section on this page

2. Enter the desired loan amount for your L&T Finance Business Loan

3. Input the applicable interest rate

4. Select your preferred loan tenure (up to 60 months) 

Once you enter these details, the calculator will instantly display your estimated EMI along with the total interest payable and the total repayment amount.

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