Business Loan EMI Calculator
Want to raise funds to invest in your business? Calculate your eligibility and monthly outgo with our Business Growth Loan Eligibility and EMI Calculator
Are you looking to boost the profitability of your business and contemplating to apply for a loan? An HDFC Bank Business Growth Loan is suitable if you need funds to enhance business adaptability or profitability. But how do you know the EMI amount you may need to set aside?
With HDFC Bank’s online Business Loan Calculator, you can quickly ascertain the monthly instalments towards your loan. You have to consider the loan amount, tenure and interest rate in the EMI calculation..
The Business Loan EMI Calculator does this job for you in just a few simple steps. It will aid in your financial planning by giving you an estimate.
To get instant results, all you need to do is plug in the amount of loan, tenure in years and rate of interest and click on apply easily to get the EMI displayed on your screen within seconds. The Business Loan Calculator is designed to enable you to tweak the amounts as per your specific requirements to match your pocket.
Click here and find out everything you need to know about Business Growth Loans.
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What is a Business Loan EMI calculator?
The Business Loan EMI Calculator assists you in calculating the monthly instalments of your Business Growth Loan. The calculator facilitates in pre-determining the amount you need to pay every month as your EMI. It helps you to select a loan amount that complements your short term business plans either to enhance your business for profitability or adaptability to suit the current market requirements. It facilitates your cash flow planning for the long term.
How does the Business Loan calculator work?
The Business Loan Calculator is an online tool where you need to input the requisite loan amount ranging from Rs. 50,000 to Rs. 15,00,000. The tenure of the loan from 1 year to 5 years and the interest rate that ranges from 10.75% to 22%. Depending on your input of information, the loan calculator will display the equated monthly instalments together with a graphical table for your easy viewing.
What is the business loan interest rate?
The Business Loan interest rate calculator displays a rate ranging from 10.75% to 22%. Select or input a reasonable interest rate to suit your business cash flow.
How long does a business loan approval take?
You can check your Business Growth Loan eligibility check in just 60 seconds online or at any branch. Once you complete the formalities for the loan application, the disbursal of funds takes 5 working days. You can use the loan EMI calculator before you check your eligibility online.
How to calculate EMI using business loan EMI calculator?
To calculate EMI using the Business Loan EMI calculator, all you need to do is input the requisite business loan amount anywhere between Rs. 50,000, and Rs. 15,00,000. The tenure of the loan between 12 months to 60 months, this is the time frame chosen by you to repay the principal loan amount together with the interest amount and lastly input the rate of interest. The rate of interest ranges from 10.75% to 22%. The higher the rate of interest chosen by you, the lower the tenure and the lower the rate of interest, the higher the tenure to repay the loan. The Business Loan calculator digital online tool calculates the EMI for you depending on the input of data.