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How is Business Loan Interest Rate Calculated

With increased globalisation and the introduction of new technologies, India has grown into a land where new business owners can grow and thrive every year. It is estimated that India is currently the third largest startup based in the world  with more than 9000 startups spread across the country.

However, in order to make this business landscape a reality, Indian entrepreneurs need access to quick, reliable and efficient financing for all their business objectives. This need can be filled by accessible business loans such as the Bajaj Finserv Business Loan, promptly available on the Finserv MARKETS platform online.

Having said that, a valuable business loan is one that provides more than just financing. It also needs to have a bevy of useful features as well as suitable interest rates that can make it accessible to a variety of entrepreneurs. In that regard, the Bajaj Finserv Business Loan is entirely transparent about how interest is calculated for the business loan. Moreover, it also provides borrowers with a business loan interest rate calculator to determine this value before they even avail the loan. 

Bajaj Finserv Business Loan

As industries and sectors grow rapidly across the Indian business landscape, entrepreneurs need to make sure that they keep pace with the changing times. Their businesses and business strategies need to keep evolving to accommodate for new trends and new outlooks. Such changes require swift financing, but conventional business loans can often take a long time to come through. 

It is in response to this problem that the Bajaj Finserv Business Loan available on Finserv MARKETS emerges as a favourable lending option. This business loan offers flexibility, loan amounts of up to Rs. 30 Lakhs, and many options for customisations, making it ideal for the needs of modern business ventures. Moreover, the Finserv MARKETS platform offers immense ease of use, transparency and a quick loan processing experience.

Business Loan Interest Calculation Formula

Availing the right business loan for your business can make all the difference for your company’s success. For that reason, it is important to be informed of the essential details about a business loan you might be looking to avail. It is particularly important to be informed of the interest on your business loan, as this will factor into your plan of repayment. 

With the Bajaj Finserv Business Loan, you can rest assured that all vital business loan-related information is presented to you upfront. You can also calculate the overall interest on your business loan with the business loan interest calculator available on the website.

With respect to how exactly the interest is calculated on your Bajaj Finserv Business Loan repayments, the formula is as follows:

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

Where the components of the formula are:

  • E stands for EMI

  • P stands for the Principal Loan Amount

  • r stands for the (monthly calculated) rate of interest

  • n stands for the tenure of the business loan

Steps to Calculate Business Loan Interest

The formula presented above is a numerical representation of how exactly interest is calculated for your Bajaj Finserv Business Loan repayments. However, as a potential borrower, you need a practical tool to help you compute interest as it applies to your specific loan details. You can do this by simply making use of a tool called the business loan interest rate calculator on the Finserv MARKETS website.

The business loan interest calculator is simple, easy-to-use and only requires you to input relevant details for your choice of business loan. Here are the steps to follow:

Step 1: Enter Business  Loan Amount

Enter  your required business loan amount and it can go up to Rs. 30 Lakhs.

Step 2: Choose Repayment Tenure

Choose and enter  your preferred tenure to repay loan tenure, which can range from 12 to 60 months.

Step 3: Applicable Business Loan Interest Rate

Enter the applicable business loan interest  rate to be paid.

On entering these three inputs according to your preference, the business loan interest calculator computes information about your repayment. These include your payable EMI amounts, total payment and most importantly, the total payable interest on your business loan.

By computing this information via the business loan interest calculator before availing the loan, you can accurately gauge the monthly finances you will be setting aside for the loan payments. This helps you maintain an efficient cash flow for your business and ensure that there is no liquidity crunch in the near future.

Benefits of Bajaj Finserv Business Loan

By availing the Bajaj Finserv Business Loan on Finserv MARKETS, you also avail a variety of lucrative features that set this business loan truly apart. Here are the many benefits of availing this business loan: 

  • Flexible Loan Tenure: The Bajaj Finserv Business Loan allows you immense repayment flexibility by offering you a choice of loan tenures from 12 to 60 months based on your particular  requirements.

  • Zero Collateral: The Bajaj Finserv Business Loan is an unsecured loan, which means it requires no guarantor and no collateral from your end.

  • Minimal Documentation: The loan application process for the Bajaj Finserv Business Loan on the Finserv MARKETS  platform only requires basic documentation, thereby minimising paperwork.  

  • Swift Approval and Disbursal: Your Bajaj Finserv Business Loan application can be approved in just 3 minutes. Moreover, after approval, the loan amount can reflect in your account in just 24 hours.

  • Trusted Platform: The Finserv MARKETS platform is not only convenient, but also easy to navigate, secure and transparent. It is also a trusted platform for people around the country nationwide with over 100 million customers.

Now that you know how interest is calculated on the Bajaj Finserv Business Loan available on Finserv MARKETS, you can browse through its various features and avail the loan available on Finserv MARKETS today!

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!

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Kids grow up fast and to fulfill their dream trip to Disneyland I had everything but instant funds. With no collateral or guarantor required and a hassle-free processing, I gifted my family a memorable trip to Orlando with just a click!

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