Business Loan EMI Calculator

The Business Loan EMI Calculator is a free online tool designed to help business owners and entrepreneurs in India calculate their monthly EMI (Equated Monthly Installment) for business loans. Whether you're planning to expand your business, purchase equipment, manage working capital, or invest in commercial property, this calculator provides accurate EMI calculations based on your loan amount, interest rate, and tenure.

Our calculator supports multiple Indian banks including SBI (State Bank of India), HDFC Bank, ICICI Bank, Axis Bank, Bank of Baroda (BOB), Punjab National Bank (PNB), Indian Bank, Bank of India (BOI), Canara Bank, Union Bank of India, and IDFC First Bank. You can select your preferred bank to get default interest rates, or manually enter a custom interest rate for comparison.

The calculator offers flexible input options - you can enter loan amounts in rupees or crores, making it convenient for both small and large business loans. The tool calculates your monthly EMI using the reducing balance method, which is the standard method used by Indian banks. It also provides a detailed payment schedule showing the principal and interest components for each month throughout the loan tenure.

Key features include instant EMI calculation, total interest payable calculation, complete amortization schedule, support for multiple banks with default rates, flexible amount input (rupees or crores), and Excel export functionality for payment schedules. The calculator helps you understand how much you'll pay each month, how much interest you'll pay over the loan tenure, and how your principal reduces over time.

Business loans in India typically have interest rates ranging from 8.5% to 15% per annum, depending on factors such as the bank, loan amount, business profile, credit score, and loan tenure. Public sector banks like SBI, PNB, and BOB generally offer competitive rates, while private banks like HDFC, ICICI, and Axis Bank may have slightly higher rates but offer faster processing and better service.

When planning your business loan, consider factors such as your business cash flow, repayment capacity, loan purpose, and interest rate trends. Use this calculator to compare different loan options, understand the impact of different tenures on your EMI, and plan your finances accordingly. The detailed payment schedule helps you track your loan repayment progress and plan for prepayments if needed.