About SME/MSME Business Loan Calculator

 Several micro, small, and medium enterprises (MSME) are unable to grow as they do not have access to funds in a timely manner. The financial health of an organization is crucial for its long-term sustainability

Money is needed not only to meet regular working capital expenses but for several other purposes such as building inventories, expansion, and unforeseen emergencies. To help the MSME and the small and medium enterprises (SME), several non-banking financial companies (NBFCs) offer customized and flexible loan options to them..

Such business loans have features that benefit organizations to meet their fund requirements. Here are some beneficial features of such loans:

  • Facility to avail of loan up to INR 30 lakh

  • Fast-processing through an online application that is quick and hassle-free

  • Flexibility to drawdown required amount and pay interest only on the amount used, which helps reduce the Equated Monthly Installment (EMI)

  • Affordable business loan interest rate and lower processing fees

  • Repayment tenure of up to five years to ensure you can repay the borrowed amount without financial distress

  • Minimal documentation

Before you avail the loan, it is recommended that you determine the EMI to ensure it fits within your current financial situation. A business loan calculator helps calculate the estimated EMI payable on the borrowed amount.

Using an online calculator is very simple and it is a quick method to calculate the EMI. You need to simply input the principal, loan tenure, and the interest rate. With a simple click of the mouse, you can determine the amount you will have to pay towards the repayment of the amount.

Benefits of an online calculator

An online business loan calculator provides the following advantages:

  • It helps you determine the approximate monthly outflow towards repayment

  • It is beneficial in determining the loan amount that suits your business requirements

  • It offers you the flexibility to choose the amount and tenure that will not add financial burden to your business

  • It allows you to determine the EMI beforehand to budget your monthly outflows

What is an EMI?

The loan may be repaid in several ways. The simplest way is to opt for an EMI wherein the total repayment amount is divided into fixed monthly installments over the loan tenure. The EMI comprises two components; the principal and the interest payable on the same. Choosing to repay the loan through EMIs is recommended for small business owners operating on limited financial resources.

Small business loan is an excellent option if you need money to purchase equipment but do not have the liquidity to meet such expenses. An online calculator plays a crucial role to give you a clear understanding of your future financial obligations when you avail a specific loan amount for a particular tenure at a specified rate of interest. Therefore, you must make these calculations before opting for a loan.

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!