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Secured Business Loan EMI Calculator

IIFL Home Loans’ business loan emi calculator is the best way to find out the exact amount of instalment you are required to pay every month on a particular due date. A business loan calculator is an online tool that allows you to easily compute the monthly instalments in a jiffy. Before applying for the loan type, it is always recommended to check the liabilities.

The sme business loan calculator takes into consideration three basic components, these includes:

  • Loan Amount: This is the amount that you wish to apply for to avail of the Secured Business Loan. The maximum loan amount you avail of is up to Rs.10 crores if you are choosing the Regular Secured Business Loan type.
  • Repayment Tenure: This is the time period during which the entire loan amount needs to be repaid. High-value loans such as these come with increased repayment flexibility. As a borrower, you can opt for a loan tenure of up to 10 years. This is the crucial factor when you are looking for the estimation of the Secured Business Loan EMI.
  • Interest Rates: The third factor is the sme business loan interest rate which is applicable against the loan amount. The rate varies considering various factors such as the borrower’s eligibility, age, among other parameters.
100000 30000000
Months
36 180
%
8 18

your EMI Amount

₹ 38,003

 

Principal Amount

₹ 30,00,000

Interest Payable

₹ 15,60,328

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How to use a business loan calculator?

SME Business Loan Eligibility Calculator is one of the easiest and convenient ways to know the monthly instalments on your loan. You can quickly get the EMI figure using the online calculator where you need to fill in the details of the loan amount, loan tenure and interest rate applicable. To estimate how much loan amount you can avail, you must try the IIFL Home Loans’ business loan Eligibility Calculator.

Applying for Secured Business Loan online gives you access to a host of exclusive benefits, including longer tenure up to 10 years, lower interest rates and affordable EMIs. By determining the EMI amount, you can be assured of the finances and repay the loan amount faster.

If you have already taken a Secured Business Loan from another bank or NBFC and are unhappy with the service or wish to reduce the EMI burden, you can apply for a Balance Transfer and save money.

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FAQs:

The SME loan eligibility calculator is a free online tool that allows you to know the monthly instalment amount that you are required to pay until the loan term.
To use the Business Loan EMI Calculator, you need to enter details as follows:
  • Loan Amount
  • Loan Tenure
  • Interest Rate
You have the flexibility to adjust the figure (increase or decrease) with the help of the slider.
It is easy to utilize Business Loan Eligibility Calculator as it provides accurate results rather than choosing to do the calculation manually. Below are some of the benefits of the tool:
  • The online tool offers speedy estimation, and it is not time-consuming at all
  • The is less possibility of human error as the EMI calculator works on algorithms to give a correct estimate
  • An individual can use the calculator multiple times as and when you need
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