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# Business Loan from Prefr Partners EMI Calculator

Loan of up to ₹2 Lakhs | No Collateral | Quick Disbursal

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 Partners, so that your finances are in place.

### 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

## How is the Business Loan EMI Calculated?

The business loan calculator by Bajaj 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