The loan repayment process appears to be very simple but needs a lot of 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 Bajaj Markets, you can calculate the monthly EMIs that need to be repaid for your Business Loan from Prefr, so that your finances are in place.
|Month||Starting Balance||EMI||Interest rate||Principal contribution||Interest contribution||Ending Balance|
You can just follow these steps to use the Prefr business loan EMI calculator
Step 1: Enter the loan amount.
Step 2: Enter the loan tenure.
Step 3: Enter the rate of interest.
Step 4: Click on ‘Calculate Now’.
The main benefit of the EMI Calculator is that you can calculate the exact amount that you need to pay monthly before actually paying it. This will help you plan your monthly budget accordingly. Also, you can realise 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 the Business loan from Prefr Partners.
You can calculate your EMI conveniently, anywhere and at any time.
This digital tool is a much faster way to calculate your monthly instalments compared to manual calculation.
This method is 100% accurate, whereas manual calculations leave room for human error.
The Business Loans from Prefr Partners available on Bajaj 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 within a few simple steps.
The interest rate on Prefr loans is between 10% and 16%.
The business loan EMI depends on the principal amount, loan tenure and interest rate.
You have to be at least 22 years old to avail of a Prefr loan. The maximum age limit is 60 years.
The EMI on a ₹4 Lakh loan depends on the tenure and interest rate as well.