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Business Loan EMI Calculator
EMI
Reducing Balance
Interest First
Deferred Payment
Balloon Payment
Loan Amount
Loan Tenure
Year
Month
Rate of Interest
%
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EMI
16253
Interest
560273
Principal
1000000
Total
1560273
560 K
(5 Lac)
8
Year
1,000,000
416 K
(4 Lac)
Year
Original
Reduced
𝒊
16253
will be
EMI
for
1000000
(1 m/10 Lac)
Loan Amount
for
8
Year
Loan Tenure
at
12.00%
Rate of Interest
.
How to Reduce Interest/ Tenure?
Pay
0
1
2
3
4
5
Extra EMI every year.
𝒊
Increase EMI by
0
2
3
5
7
10
15
20
% every year.
𝒊
Pay Lump-Sum
0
(10 K)
(20 K)
(30 K)
(40 K)
(50 K)
(60 K)
(70 K)
(80 K)
(90 K)
(100 K)
in
0
1
2
3
4
year.
𝒊
Recalculate
Share
Loan
Tenure
Interest
Original
8 year
560273
Reduced
5 year
10 months
416582
Saved
2 year
2 months
143691
Loan Payment Schedule
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
Original
Reduced
Balloon Payment
283 K
(2 Lac)
212 K
(2 Lac)
141 K
(1 Lac)
70 K
0
-
-
-
-
-
2024
2028
2031
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Business Loan EMI
A Business Loan EMI Calculator is an easy-to-use tool that helps you estimate your monthly EMI (Equated Monthly Installment) based on the loan amount, interest rate, and tenure. This calculator also allows you to explore ways to reduce your loan tenure or interest by making extra EMIs, lump-sum payments, or increasing your EMI annually, helping you manage your business loan repayments efficiently.
Calculate Business Loan EMI
To calculate business loan EMI enter loan details including loan amount, interest rate, tenure and choose months or years.
Click Calculate to view your initial loan breakdown.
Customize payment options with three inputs.
Select a number of extra EMIs per year.
Increase EMIs by a percentage.
Select lump sum payment in a specific year.
Adjust inputs as needed and click Recalculate to update your tenure and interest dynamically.
Eligibility Criteria for Business Loan EMI
Business Registration:
Applicants must have a registered business entity, such as a sole proprietorship, limited liability company, or corporation.
Creditworthiness:
Lenders assess the creditworthiness of both the business and its owners, including evaluating the business’s credit history, financial statements, and personal credit scores. A strong credit profile can positively influence the business loan EMI.
Business Viability:
Evidence of the business’s viability and potential for generating sufficient revenue to repay the loan is required. This may include business plans, sales forecasts, profitability projections, and other relevant documents to ensure the business loan EMI is manageable.
Collateral:
Depending on the loan amount and terms, lenders may require collateral to secure the loan, which could be in the form of business assets.
Business Loan EMI Calculator FAQ
How can I reduce my Business Loan EMI?
You can reduce your business loan EMI by making extra EMIs, paying lump-sum amounts, or increasing your EMI every year. These options can help lower the overall interest or reduce the loan tenure.
What documents are typically required to apply for a business loan?
When applying for a business loan, you generally need to provide documents such as proof of business registration, financial statements, tax returns, and a business plan.
How does a business loan affect my company's finances?
A business loan can impact your company's finances by increasing your monthly expenses due to EMIs. It can also affect your cash flow, as you need to manage both the principal and interest payments.
×
How extra EMI(s) help?
At the end of the year, you can pay extra EMIs out of your savings. This extra EMI payment will go towards your Loan Amount and save you on the interest as well as tenure of the loan.
Payment
Tenure
Interest
Current
8 year
560273
1 Extra EMI/ year
8 year
▶ 0 year
494632
▶ 65641
2 Extra EMI/ year
7 year
▶ 1 year
444410
▶ 115863
3 Extra EMI/ year
6 year
▶ 2 year
405459
▶ 154814
How increasing EMI helps?
As your income increases each year, you can get your EMI increased from the bank. This allows you to allocate more funds towards paying off the loan amount and save you on the interest as well as tenure of the loan.
Payment
Tenure
Interest
Current
8 year
560273
Increase EMI by 1%
8 year
▶ 0 year
540957
▶ 19316
Increase EMI by 3%
8 year
▶ 0 year
508849
▶ 51424
Increase EMI by 5%
7 year
▶ 1 year
482986
▶ 77287
How Paying Lumpsum Amount helps?
If you receive unexpected income, such as a bonus or tax refund, consider making a lump-sum payment on your loan. This can help reduce the outstanding loan amount and save you on the interest as well as tenure of the loan.
Payment
Tenure
Interest
Current
8 year
560273
Pay 10% in 2nd year
8 year
▶ 0 year
466509
▶ 93764
Pay 20% in 3rd year
7 year
▶ 1 year
430735
▶ 129538
Pay 30% in 4th year
6 year
▶ 2 year
434771
▶ 125502
How to Reduce Interest/ Tenure?
Making early payments towards Principal amount can reduce your Interest and/ or Tenure.
1. How extra EMI(s) help?
At the end of the year, you can pay extra EMIs out of your savings. This extra EMI payment will go towards your Loan Amount and save you on the interest as well as tenure of the loan.
2. How increasing EMI helps?
As your income increases each year, you can get your EMI increased from the bank. This allows you to allocate more funds towards paying off the loan amount and save you on the interest as well as tenure of the loan.
3. How Paying Lumpsum Amount helps?
If you receive unexpected income, such as a bonus or tax refund, consider making a lump-sum payment on your loan. This can help reduce the outstanding loan amount and save you on the interest as well as tenure of the loan.
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