header search
My Account Customer Portal
EMI EMI Card
Download Download
ONDC_Header_Steal Deals Steal Deals
BAJAJ FINSERV DIRECT LIMITED
Hi Guest
Customer Portal My Report
Logout

Protium Business Loan EMI Calculator

If you are considering a Protium Business Loan, it is important to understand your Equated Monthly Instalments (EMI) before borrowing.

...

The Protium Business Loan EMI Calculator provides an estimate of your monthly repayments, making financial planning easier.

 Read More
Your Business Loan EMI

₹ 18,709

Total Interest Amount

₹ 173,539

Principal Amount

₹ 5,00,000

Total Payable Amount

₹ 6,73,539

Loan Amount i
Interest Rate
- +
Min value reached
Max value reached
Tenure
Months arrow-down-img
  • Years
- +
Min value reached
Max value reached
Apply Now

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

...

You can also evaluate the total interest amount and overall payable amount for better financial planning and budgeting.

 Read More

How to Calculate Protium Business Loan EMI

It is essential to understand how much you will need to repay each month before applying for a business loan. The Protium Business Loan EMI Calculator helps estimate your EMI in advance, allowing better financial planning. The EMI for a business loan is calculated using the following formula:

EMI = P x r x (1 + r)n / (1 + r)n-1

Where:

  • P is the loan amount (principal)

  • r is the monthly interest rate (annual rate ÷ 12 ÷ 100)

  • n is the loan tenure in months

This formula ensures that each EMI includes both principal repayment and the interest component. In the initial months, a larger portion of the EMI goes towards interest, while in the later stages, more of it is used to repay the principal.

Example Calculation

If you were to take a Protium Business Loan of ₹10 Lakhs at an annual interest rate of 20.50% p.a. for a tenure of 36 months. In this case:

Loan Amount (P): ₹10,00,000

Annual Interest Rate: 20.50% p.a. (1.708% per month. It’s equivalent to 0.01708 in decimals)

Loan Tenure (n): 3 years (36 months)

Now, applying these values to the formula:

  • EMI: 10,00,000 x 0.01708 x (1 + 0.01708)36 / (1 + 0.01708)36-1

  • EMI: 10,00,000 x 0.01708 x 1.8872 / 1.8872 – 1

  • EMI: 10,00,000 x 0.01708 x 1.8872 / 0.8872

  • EMI: 3,22,399 / 0.8872

  • EMI: ₹36,350

Thus, the EMI for a ₹10 Lakh loan at 20.50% p.a. for 3 years would be approximately ₹36,350 per month.

Benefits of Using the Protium Business Loan EMI Calculator

Quick and Accurate Calculations

The calculator provides instant EMI estimates, eliminating the need for manual calculations.

Better Financial Planning

It helps you assess whether the loan is affordable based on your current income and expenses.

Customised Loan Comparisons

You can adjust the loan amount, tenure, and interest rate as many times as needed to compare different repayment scenarios.

Transparency in Repayments

It shows the total repayment amount and interest payable, ensuring clarity before borrowing.

Reduces Loan-related Stress

Knowing your EMI beforehand helps you plan your payments efficiently and avoid financial strain.

Time-saving and Easy to Use

The tool simplifies complex calculations, making it easy to explore different loan options in seconds.

Avoids Over-borrowing

It helps you select a loan amount that aligns with your repayment capacity, preventing financial strain.

Supports Smart Decision-making

It enables comparisons with other lenders to help you choose the most cost-effective loan option.
View More

Other Protium Business Loan Related Pages

Other Bajaj Markets Business Loan Partners EMI Calculators

Quick Links

Frequently Asked Questions

Protium Business Loan

Does the loan tenure affect my EMI for a Protium Business Loan?

Yes, the length of your repayment period has a direct influence on your monthly installment. Opting for a longer tenure lowers your EMI but results in higher total interest charges, whereas a shorter tenure increases your EMI but reduces the overall interest paid.

Yes, the EMI calculator provides accurate estimates based on the loan amount, interest rate, and tenure. However, actual EMI amounts may vary slightly due to factors like processing fees, changes in interest rates, or lender-specific charges.

Calculating your EMI in advance helps you assess affordability, plan your finances effectively, and avoid repayment difficulties. It also allows you to compare loan options and choose a repayment structure that best suits your financial situation.

Yes, you can lower your EMI or total interest by opting for a longer tenure while this can reduce EMI but increases interest output. Negotiating a lower interest rate, making part-prepayments, or choosing a smaller loan amount can help reduce the EMI amount and reduce the interest.

To apply for a Protium Business Loan, your business must be a sole proprietorship, partnership, or private limited company with at least 2 years of operation. It must also have a minimum turnover of ₹2 Lakhs. You should have a CIBIL score above 650, a bank balance of at least ₹10,000, an Aadhaar-linked mobile number, and net banking or ePDF access.

Required documents include a PAN card, Aadhaar card, address proof (self and business), and business registration proof. Meeting these criteria and submitting the necessary documents can help ensure a smooth loan approval process.

View More
Home
Home
ONDC_BD_StealDeals
Steal Deals
Credit Score
Credit Score
Accounts
Accounts
Explore
Explore

Trending Categories

Loans

Personal Loan, Business Loan, Collateral

arrow
Investment

Fixed Deposit, Mutual Fund, NPS, Demat A/C, SGB

arrow
Insurance

General Insurance, Life Insurance, Term Insurance

arrow
Stock Market

Stocks, IPOs

arrow
ONDC

Smart Phone, Speaker, EarPhone

arrow

Related Calculators

Personal loan EMI Calculator

Home Loan EMI Calculator

Gold Loan EMI Calculator

Business Loan Eligibility Calculator

Our Products

Personal Loan
Pre-approved
Personal Loan
KreditBee
Olyv
Federal Bank
mPokket
15+
Quick Approval
100% Digital Application
Affordable Interest Rates
Business Loan
Lendingkart
IIFL
Indifi
Credit Saison
10+
Popular Choice
No Documentation
4-step Process
Home Loan
Bajaj Housing Finance
ICICI Bank
L&T Finance
Vridhi Home Finance
10+
Flexible Repayment Tenure
High-value Funding
Zero Prepayment Charges
Home Loan Balance Transfer
Shriram Housing Finance
LIC HFL
PNB Housing Finance
Shubham Housing Finance
7+
Top-up Facility
Minimal Paperwork
Hassle-free Process
Two-wheeler Loan
Bajaj Auto Finance
L&T Financial Services
Muthoot Capital
2+
Pre-approved Offers
Easy Cash Options
Flexible Repayment Tenures
Credit Card
Axis Bank
ICICI Bank
RBL Bank
Rupicard
30+
Promotional Offers
Travel Benefits
Rewards Programs
EMI Card
Bajaj Finserv
1
Zero Forecloseure Charges
High Loan Limit
Flexible Tenure
Fixed Deposit
Bajaj Finance
Yes Bank
PNB Housing Finance
Ujjivan Small Finance Bank
5+
Assured Returns
Credit Facility
Tax Benefits
Mutual Fund
Axis Mutual Fund
Edelweiss Mutual Fund
Union Mutual Fund
Kotak Mahindra Mutual Fund
43+
Tax Benefits
Professional Fund Management
Portfolio Diversification
Demat
Bajaj Financial Securities Limited
1
Instant Transfer
Multiple Access
Collateral for Loan
Health Insurance
TATA AIG
ABHI
BAGIC
Care Health Insurance
4
Cost-effective Policies
Easy Comparison
High Coverage
Car Insurance
TATA AIG
SBI General Insurance
HDFC ERGO
Bajaj Allianz
4
Multiple Covers
No-claim Bonus
Cashless Claim Facility
Bike Insurance
SBI General Health Insurance
HDFC ERGO 2W Insurance
Bajaj Allianz Two Wheeler Insurance
3
Efficient Claim Settlements
Low Premiums
No Claim Bonus
Pocket Insurance
One Assist
ABHI
Niva Bupa
Manipal Cigna
7+
Affordable Premiums
Easy Online Application