About Small Business Loan Calculator

 Are you a small business owner? Do you need funds to meet your business requirements? Look no further.

Lenders now provide loans to small business owners. These loans are available at affordable interest rates with the flexibility to repay as per your financial situation.

Small business loans

You may fund your business with loans of up to INR 30 lakh within 24 hours. The borrowed amount may be used for any purpose such as expansion, purchase of inventory, buying plant and machinery, or for meeting working capital needs.

Features of small business loans

Small business loans provide liquidity to boost the growth of your company. Here are three features of these loans:

  1. Higher loan amount

You may avail of up to INR 30 lakh to meet the short-term, medium-term, or long-term requirements of your business. Moreover, there is no limitation on the use of these funds.

  1. No collateral needed

When you avail these loans, you do not need to provide any collateral. Therefore, you do not have to risk your personal or business assets to raise funds.

  1. Affordable interest rates

Contrary to belief, the business loan interest rate is competitive. Moreover, you have the flexibility to repay the loan as per your financial situation.

When you avail of a loan, the same is repayable in Equated Monthly Installments (EMIs). The total repayable amount is divided into fixed monthly amounts over the tenure of the loan. The EMI comprises the principal and the accrued interest.

Before you go ahead and avail a loan, it is advantageous to know the approximate EMI you will have to pay for the same. A business loan calculator is beneficial for this purpose.

To use the calculator, you need to input just a few details. These include the loan amount, tenure, and the rate of interest. The calculator automatically calculates the EMI you must pay until the full repayment of the borrowed amount.

The calculator uses the formula E = P * r * (1 + r) ^n / ((1+r) ^n-1)

Where E is the EMI amount

P is the principal

r is the rate of interest

n is the loan tenure

Here is an example to help you understand. Assume you avail a loan of INR 1 lakh for 12 months at 18% interest rate. The EMI payable for this loan is INR 9,168 per month.

An EMI calculator helps you determine the monthly amount you have to pay during the loan tenure. This will be useful to make a budget to know your monthly outflows and plan your finances to ensure you do not face any liquidity crunches.

Calculate the EMI here and avail funds to boost your business.

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!

Get the best FD interest rates starting @ 8.40%. Let's start!

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!

Get sum insured up to 1 Crore! Let's start!

The best way to start looking for health insurance is to do a close study of the coverage needs and checking the insurance company's claim ratio. No unnecessary jargons, easy to apply claims process and choice of premia!

Zero additional charge on part-payment option on Business loans! Let's start!

I bought my first iPhone using my Bajaj Finserv EMI Network Card. Zero downpayment with a No cost EMI on Bajaj Finserv EMI store just made my day!

Get home loan sanctioned online in 72 hours! Let's start!