Lendingkart Business Loan EMI Calculator

Your EMI (Equated Monthly Instalment) is the fixed amount you repay each month towards your business loan. The EMI includes both the principal and the interest. To calculate Lendingkart Business Loan EMI, the calculator uses the standard formula:

EMI = [P x R x (1 + R)N] / [(1 + R)N– 1]

Where:

• P = Loan amount (principal)

• R = Monthly interest rate (annual rate divided by 12, then by 100)

• N = Loan tenure in months

Example Calculation

Suppose you take a Lendingkart business loan of ₹10,00,000 at an interest rate of 19.20% per year for 36 months.

• Loan amount (P) = ₹10,00,000

• Annual interest rate = 19.20%

• Monthly interest rate (R) = 19.20 / 12 / 100 = 0.016

• Tenure (N) = 36 months

Now, applying these values:

• EMI = [10,00,000 x 0.016 x (1 + 0.016)³⁶] / [(1 + 0.016)³⁶ – 1]

• EMI = ₹37,400

So, for this loan, your monthly EMI will be about ₹37,400.

Using the business loan EMI calculator saves you from doing these long calculations manually. It gives you instant, accurate results, helping you plan repayments and compare different loan options more effectively.

Here is how you can calculate your EMI quickly using the Lendingkart business loan EMI calculator:

1. Enter the loan amount you wish to borrow

2. Input the interest rate offered by the lender

3. Select the loan tenure in months or years

4. Click the calculate button to view your EMI instantly

5. Review the EMI result along with total interest payable and repayment cost

Here are the key benefits of using the Lendingkart business loan EMI calculator on Bajaj Markets:

Accurate EMI Calculations

The calculator gives precise EMI values, removing the risk of manual errors.

Better Financial Planning

You can see the exact EMI and repayment schedule, making it easier to manage your budget.

Quick Comparison of Loan Options

The tool helps you compare EMIs, interest charges, and total costs across multiple lenders instantly.

Time-saving Tool

You get results in seconds, avoiding lengthy manual calculations.

Unlimited Free Usage

You can try different loan amounts, rates, and tenures as many times as you need without any cost.

Simple and User-friendly

The calculator has an easy design that makes repayment details clear to understand.

Accessible Anytime, Anywhere

You can use the calculator on Bajaj Markets’ website or app, whether on desktop or mobile.

Improves Loan Eligibility Chances

By choosing an affordable EMI, you are more likely to meet lender approval criteria.

Helps Avoid Financial Stress

Knowing the repayment amount in advance prevents surprises and supports smooth cash flow.

Supports Informed Decision-making

You can evaluate whether to increase or reduce the loan amount before applying.

Shows Total Cost of Borrowing Clearly

The calculator highlights both EMI and overall repayment, making the true cost of the loan transparent.

Assists in Long-term Planning

You can align repayments with business goals, like expansion or equipment upgrades, without straining resources.

Here are the main factors that influence the EMI of your Lendingkart business loan:

Loan Amount

A higher loan amount leads to a higher EMI, while a smaller loan keeps the EMI more affordable.

Interest Rate

A higher interest rate increases your EMI, whereas a lower rate reduces the repayment burden.

Loan Tenure

A longer tenure lowers your EMI but increases total interest, while a shorter tenure raises EMI but reduces overall cost.

Credit Score

A strong credit score can help you get lower interest rates, which directly reduces your EMI.

Repayment Capacity

Lenders may adjust the terms of your loan based on your income and repayment ability, which affects the EMI.

Lender’s Policies

Different lenders may have varying charges and terms that can impact your final EMI.

Type of Interest Rate

Fixed rates keep EMIs stable, while floating rates may change with market conditions.

Prepayment and Foreclosure Options

Early repayment or foreclosure can reduce the overall loan cost but may involve additional charges.

Processing Fees and Charges

Extra costs like processing fees can increase the effective repayment burden.

Business Stability and Cash Flow

A financially stable business with steady cash flow may qualify for better terms and lower EMIs.

Economic Conditions

Shifts in the economy or lending rates can affect EMIs, especially for floating-rate loans.