HDFC Business Loan EMI Calculator
Are you looking for a HDFC business loan and curious about the EMIs that you shall have to pay for the desired loan amount? Do not worry, as at paisabazaar.com and with the help of its online tool that is business loan EMI calculator, you can know about the exact EMIs that you shall have to pay. HDFC bank offers a range of loan options to meet your working capital requirements at attractive interest rates.
Comparison of Business Loan Interest Rates offered by Top Banks/NBFCs
| Bank/NBFCs | Interest Rate | |
| Axis Bank | 10.75% p.a. onwards | Apply Now |
| Flexiloans | 1% per month onwards | Apply Now |
| HDB Financial Services Ltd. | 8% - 26% p.a. | Apply Now |
| HDFC Bank | 10.75% - 25% p.a. | Apply Now |
| IDFC First Bank | 10.50% p.a. onwards | Apply Now |
| Indifi | 1.50% per month onwards | Apply Now |
| Kotak Mahindra Bank | 16% - 26% p.a. | Apply Now |
| Lendingkart | 12% - 27% p.a. | Apply Now |
| Mcapital | 2% per month onwards | Apply Now |
| NeoGrowth Finance | 15% - 40% p.a. | Apply Now |
| Tata Capital | 12% p.a. onwards | Apply Now |
| UGRO Capital | 9% - 36% p.a. | Apply Now |
How to use Paisabazaar EMI calculator?
The usage of Paisabazaar Business Loan EMI Calculator is really simple and easy. The only three things you need to enter in the calculator is the loan amount, interest rate and repayment tenure. After entering these details, the calculator will automatically display the loan EMI with the month wise schedule. To enter details, you can also choose the slider to slide and pick the numbers.
Appy for Business Loan @ low interest rate Apply Now
Formula to Calculate Loan EMI
The formula used for calculating loan EMI is mentioned below:
EMI = [P x R x (1+R) ^ N]/[(1+R) ^ (N-1)]
The variables represent are as follows:
P: Total loan amount
R: Interest rate levied on the principal amount (monthly)
N: Loan tenure of repayment (in months)
Why should you choose HDFC Bank for Business Loan?
HDFC bank is one of the finest and leading financial institutions in India. The business loan interest rate offered by HDFC bank is 15% onwards with a maximum repayment tenure of 48 months. The business loan amount offered by the bank exceeds Rs. 75 lakh. Most business loans are collateral-free, wherein you are not required to submit any collateral or security.