Now that you have decided to opt for a business loan, it is important that you plan your EMIs and other monthly business commitments in advance. The aim is to pay the EMIs on time without defaulting. To ensure this, you need to know the exact monthly outflow of your EMI and that is exactly what the Business Loan EMI Calculator by Bajaj Markets does for you.
Calculating your loan EMI is really a simple process. You need to click on the Business Loan EMI Calculator on Bajaj Markets website. After that, all you need to do is to input the following:
In a nutshell, you need to do here is to provide the required loan amount, rate of interest, and loan tenure as input to get the required information. You will instantly get the amount of EMI that you need to pay against your business loan.
|Month||Starting Balance||EMI||Interest rate||Principal contribution||Interest contribution||Ending Balance|
Whatever your need be, get business loans online for self-employed individuals for up to Rs. 20 Lakhs to live your dream!
We offer tailor-made Bajaj Finserv pre-approved loans to meet all your financial requirements.
No need for a guarantor when you apply for a Business Loan. We trust you.
With repayment tenures ranging from 12-60 months, choose between short-term or long-term loans.
The processing fee for Business loan payable is up to 2% of the loan amount. The Foreclosure Charges amount to 4% of the outstanding loan amount in addition with the applicable taxes. In case, you are not able to pay your loan on time, you will be charged a penal interest of 2% per month on your overdue EMI in addition to the applicable taxes.
Following are the documents required while applying for a Business Loan:
On Finserv MARKETS, you can get a small business loan of up to Rs. 30 Lakhs.
The interest rate on Bajaj Finserv Business Loan starts from 18% p.a. onwards.
The repayment tenure ranges from 1-5 years.
You can calculate the EMI using the Business Loan EMI Calculator, by entering the loan amount, repayment tenure and rate of interest.