How to Use a Business Loan EMI Calculator?
A Handy Guide to Using Business Loan EMI
• Visit your preferred lender's website and open the EMI
• Using the slider, choose the loan amount
• Enter the interest rate and repayment tenure
Manual Method of Calculating EMI
• Use formula, P x r x (1+r) n / (1+r) n-1
• P = Principal loan amount
• R = Rate of interest
• N = Tenure
How to Calculate the Interest Rate on a
• Nominal Interest Rate: The rate charged by the lender annually
• APR: It includes the annual loan cost
Factors That Impact Loan EMI
• Principal loan amount
• Interest rate
• Repayment tenure
The business loan EMI calculator is simple to use, and the result
is reliable and error-free.
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09, Basant Lok, Vasant Vihar, New Delhi - 110057
Email Id: Corporate.Care@HeroFinCorp.com
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