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Business Loan EMI Calculator

Tools and Calculators

  • EMI Calculator
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What is a Business Loan EMI Calculator?

A business loan EMI calculator is an online tool that helps you in understanding the monthly amount you will pay to repay your loan. You can use the EMI calculator to know your EMI by simply providing your business loan amount, tenure, and interest rate. By using the business loan calculator, you can accordingly plan your instalments, manage your other expenses, and comfortably pay off the loan. 

How to Calculate your Business Loan EMI Manually?

The formula used for calculating business loan EMI

EMI = [P x R x (1+R)^N]/[(1+R)^ (N-1)],

Here, the variables represent are:

P – Total loan amount

R – Interest rate levied on the principal amount (monthly)

N – Loan tenure of repayment (in months)

For instance:

  1. Suppose the business loan amount is Rs 5 lakh, at