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Though the loan repayment appears to be a very simple process, it requires careful planning. Paying EMIs on time requires managing the finances efficiently so that your monthly budget does not dwindle. By using the Business Loan EMI Calculator available on Finserv MARKETS, you can determine the monthly EMIs that needs to be repaid, so that your finances are in place.

## How is the Business Loan EMI Calculated?

The business loan calculator by Finserv MARKETS, is a simple online tool, with which you can find out the EMI that you need to pay per month. There are three inputs, which you need to enter to find out the EMI. They are as follows:

• ### Loan Amount

It is the loan amount that you want.

• ### Rate of Interest

This is the amount that a lender charges along with the principal. It is expressed in percentage.

• ### Loan Tenure

This is the period over which you need to repay the loan.

The formula used is:

E = P * r * (1+r)^n / ((1+r)^n-1)

Where ‘E’ is EMI

‘P’ is the Principal Loan Amount

‘r' is the rate of interest calculated every month

‘n’ is the tenor or duration of the loan

### EMI term

₹ 5,000 ₹ 5,000
• Total amount payable
₹ 5,000 ₹ 5,000
• Interest rate
₹ 8.99% ₹ 8.01%
• Total interest
₹ 8.99% ₹ 8.01%
• Total interest
₹ 5,000

### EMI term

₹ 5,000 ₹ 5,000
• Total amount payable
₹ 5,000 ₹ 5,000
• Interest rate
₹ 8.99% ₹ 8.01%
• Total interest
₹ 8.99% ₹ 8.01%
• Total interest
₹ 5,000
01 ₹ 4,80,000 ₹ 50,000 8.5% ₹ 50,000 ₹ 50,000 ₹ 50,000

## What are the Benefits of a ‘Business Loan EMI Calculator’?

The main benefit of the EMI Calculator is that you can find out the amount that you need to pay monthly before actually paying it. This will help you plan your monthly budget accordingly. Also, you can realize as to how much amount that you can set aside for your EMIs and how much for monthly expenses.

Check out the business loan eligibility criteria to find out if you qualify for a business loan.

## Benefits of Choosing Finserv MARKETS for Business Loan

The Business Loans available on Finserv MARKETS are custom-made and convenient to all your financial needs. The end to end online process is very smooth and you can proceed with minimal documentation requirements.

• ### ✔️What happens if I miss one EMI payment?

Missing an EMI payment can lead to late payment fee that you need to pay.

• ### ✔️Why is it important to calculate Emi before taking out a business loan?

Calculating the EMI beforehand can help you find out the EMI amount that you need to pay monthly and manage your finances accordingly.

• ### ✔️Will my EMI change in the future or remain the same?

The EMI typically remains the same.

• ### ✔️Can the interest in EMI be reduced?

Yes, the interest can be reduced with increase in repayment tenure.

• ### ✔️What is the mode of repayment of the monthly EMI?

EMIs can be paid online through debit mandate, ECS or cheques.

## Happy Customers of Finserv MARKETS

Getting a loan to take care of my wedding and relieving my parents to enjoy the occasion was the best decision I ever made. Easy-to-apply, amazing interest rate and quick disbursal, what more can one ask for!

I am passionate about the vehicle I drive. I want to protect it with the best available option. What amazed me was the full transparency, quick quotes and the attractive discount on the premium while choosing the annual payment option!

Check your personal loan eligibility in seconds!

My husband and I will finally move into our own house this Diwali. All thanks to Bajaj Finserv, with competitive interest rates, minimal processing fees and easy to repay EMIs, our dream saw the light of reality in no time!