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Monthly Payment (EMI)
Total Interest Payable
IndusInd Bank business loan EMI calculator is an online tool that helps borrowers compute their monthly repayments. You will get to know the monthly EMI instantly and all other payment details for your business EMI by entering basic figures like principal, interest rate, and amortization period. Let us now learn more about the IndusInd Bank Business Loan and its EMI calculator.
About IndusInd Bank Business Loan EMI Calculator
13% to 22% fixed ROI
17.50% to 25% per annum
1.75% per month
1.5% per month onwards
1% per month onwards
Kotak Mahindra Bank
16% to 19.99% per annum
from 1.25% per month
17% per annum onwards
11.90% to 21.35% per annum
1% to 1.5% per month (Flat ROI)
Upto 26% per annum
17% to 21% per annum
19% to 24% per annum
Tata Capital Finance
19% per annum onwards
11.75% to 25.75% per annum
10.75% to 20.5% per annum
IDFC First Bank
17% per annum
The IndusInd business loan EMI can be computed using the following formula
EMI = P x R x (1+R)^n/((1+R)^n-1)
Where P = Principal
R = rate of interest
N = number of years
Let us consider an example:
P = Rs. 5 Lakhs
N = 5 years
R = 11%
The monthly loan EMI is Rs. 10, 871.
When used manually, this formula is highly time-consuming. So, you can use a business loan EMI calculator that operates based on the formula above. You just have to provide the inputs and the calculations will happen on the backend. The results will get displayed instantaneously. Use the IndusInd Bank business loan EMI calculator to compute the EMI and plan your expenses with ease. The calculator displays the total interest amount = 1,52,273 and the total amount (principal + interest) = Rs. 6,52,273 along with the monthly loan EMI.
Principal Amount: The business loan amount is a major factor impacting the business loan EMI. It is always recommended to apply for a low business loan amount as the approvals are easy and you will also be able to get preferential interest rates.
Rate of Interest: The business loan interest rate is the rate at which IndusInd bank lends the loan to the borrower. If the credit score is high, then you will get favorable interest rates. The rate of interest is a very important factor impacting your business loan EMI. The higher the rate of interest, the higher your EMI and the lower the rate of interest, the lower your EMI is.
Loan Tenure: The loan tenure is directly proportional to the amount payable and indirectly proportional to the monthly EMI. If your tenure is long, naturally the interest outgo is more and the total amount payable increases. But, the monthly EMIs will be lower. But, if the loan tenure is shorter, the monthly EMIs will be higher. So, it is ideal to choose a convenient repayment tenure that creates a balance between the total amount payable and the monthly EMI.
Step 1: Move the sliders of the parameters - amount, tenure, and interest rate to place them at the required values.
Step 2: The monthly EMI is computed and displayed instantaneously. Along with The total amount payable is displayed. The split of the total amount payable into interest payable, and principal amount are also displayed.
The IndusInd Bank Amortization schedule is a tabular display of the monthly EMIs for the complete repayment tenure. It shows how the principal component and the interest element of the business loan splits into monthly repayments. Given below is the amortization schedule for P = 5 Lakhs, R = 11%, and N = 5 years.
The IndusInd business loan EMI calculator is a tool that can be used easily. It is easily accessible and the result can be obtained in seconds. Use this tool to compute the business loan EMI and manage your expenses easily.
1. What is IndusInd Bank business loan EMI?
Business loan EMI or equated monthly installment is a fixed amount of money paid monthly by you to IndusInd Bank against the loan taken. This goes towards repayment of your loan to the bank. Every month, it is due on a fixed day of the month till your loan is paid back completely.
2. Who is all eligible for a business loan?
The following people are eligible for a business loan
Axis Bank Business Loan EMI Calculator
Flexiloans Business Loan EMI Calculator
HDFC Bank Business Loan Emi Calculator
ICICI Bank Business Loan Emi Calculator
IDFC Bank Business Loan Emi Calculator
Lendingkart Business Loan EMI Calculator
RBL Bank Business Loan Emi Calculator
SBI Business Loan Emi Calculator
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