CreditMantri Finserve Private Limited
Door No.3, Block B, No. 147, Workeasy Space Solutions, RK Swamy Centre, Hansa Building, Pathari Road,Thousand Lights, Chennai, Tamil Nadu600006
Have any queries? Click here for more details
All written queries will be responded within 1 working day.
We'd love to help you through every step along the way.
Is your Credit Score >750?
Monthly Payment (EMI)
Total Interest Payable
About Axis Bank Business Loan EMI Calculator
11.90% to 21.35% per annum
from 1.25% per month
IDFC First Bank
1.5% per month onwards
Kotak Mahindra Bank
16% to 19.99% per annum
17% to 21% per annum
19% to 24% per annum
17% per annum onwards
1% to 1.5% per month (Flat ROI)
17.50% to 25% per annum
Tata Capital Finance
19% per annum onwards
Upto 26% per annum
11.75% to 25.75% per annum
17% per annum
10.75% to 20.5% per annum
1% per month onwards
There are three parameters required for HDFC Business loan EMI calculations - principal sum, loan tenure, and rate of interest.
Here is the formula for computing the EMI amount
E = [P x R x (1+R) ^N] / [(1+R) ^ (N-1)]
E = EMI, P = Principal amount, R = interest rate, N = Loan tenure.
Let us consider an example:
P = 25 Lakhs, interest rate = 16.50%, n = 4 years.
E = [25,00000 x 16.50/100 x (1 +16.50/100) ^ 4} / [(1 + 16.50/100) ^ (4-1)]
The monthly EMI will be Rs. 71,493
The above formula is very cumbersome, so you can use an HDFC business loan EMI calculator to compute the business loan EMI. You can get the result instantly upon entering the values for the required parameters.
There are mainly three parameters that impact the increase and decrease in the loan amount. They are the loan amount, interest rate, and repayment period.
Principal Amount: The principal is the amount of money borrowed by an individual. If the principal amount increases, then the EMI also increases. If the principal amount decreases, the EMI also decreases.
Rate of Interest: The rate of interest is yet another important factor influencing the HDFC business loan EMI calculator. If the rate of interest is more, the EMI is more and if the rate of interest is less, the EMI is less.
Tenure: Before taking a loan, it is mandatory for the individual to define the repayment period. If your repayment period is long, then the EMIs are lower but the total interest outgo will be higher. But, if tenure is less, the EMIs will be higher whereas the total interest outgo over the period of the loan will be lower.
1. How to calculate the HDFC bank business loan EMI?
The HDFC Bank business loan EMI can be calculated by using the formula E = [P x R x (1+R) ^N] / [(1+R) ^ (N-1)] where E is the EMI, R is the rate of interest, P is the principal amount and N is the loan tenure. But, this is tedious and may yield inaccurate results as it is done manually. So, a simple and easy way to compute the EMI is to use a HDFC business loan EMI calculator. All you have to do is enter some important parameters such as loan amount, tenure, and interest rate.
2. Why should you calculate the HDFC Bank loan EMI before taking a business loan from HDFC?
Computing the EMI will help you repay the loan easily and also help you in planning your finances accordingly. It will also help you to select the loan tenure and the amount accordingly so that timely repayment is done without fail.
Axis Bank Business Loan EMI Calculator
Flexiloans Business Loan EMI Calculator
ICICI Bank Business Loan Emi Calculator
IDFC Bank Business Loan Emi Calculator
IndusInd Bank Business Loan EMI Calculator
Lendingkart Business Loan EMI Calculator
RBL Bank Business Loan Emi Calculator
SBI Business Loan Emi Calculator
CreditMantri will never ask you to make a payment anywhere outside the secure CreditMantri website. DO NOT make payment to any other bank account or wallet or divulge your bank/card details to fraudsters and imposters claiming to be operating on our behalf. We do not sell any loans on our own and do not charge any fee from our customers/viewers for the purpose of loan application