It’s super easy! To calculate business loan EMI, simply enter the loan amount you need, select the repayment tenure, and provide the interest rate applicable. The calculator will instantly show you the EMI amount you’ll need to pay monthly, along with the total interest cost.
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Your Business Loan EMI Calculator
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About Business Loan EMI Calculator
Getting the right loan can transform your business. Whether you’re expanding, investing in new technology, or managing working capital, our business loans are designed with flexibility and convenience in mind. Use our Business Loan EMI Calculator to easily calculate your monthly payments and plan your finances smarter. It’s all about making your growth journey smooth and hassle-free.
Benefits of Business Loan EMI Calculator
Seamless and Quick
Tailored for You
Zero Hassle
Empower Your Decisions
Features of Business Loans
Credit Up to Rs. 5 Lakhs
Avail of credit up to Rs. 5 lakhs with paperless KYC.
Flexible Repayment
Choose repayment periods from 3 to 60 months.
Instant Approval
Money transferred to your bank account in 5 minutes.
Zero Paperwork
100% Digital - Hassle-free process
No Collateral Required
Secure a loan without pledging any assets.
Transparent Terms
Know all costs upfront with no hidden charges.
Competitive Rates
APR ranges from 32% to 57% per annum.
Multi-Purpose Loans
Use your loan for personal or business purposes
Check Your Eligibility
Instant Personal Loan Eligibility Criteria
To qualify for a personal loan applicants need to meet the following criteria:
- Nationality: Indian citizen.
- Age: Between 23 and 55 years.
- Documentation: Selfie, PAN Card, and Aadhaar Card.
- Income Proof: Required only for select high-value loans based on credit profile.
- Profile : Salaried, Self-Employed, Small busines owner & MSMEs
Having these documents prepared ensures a smoother and quicker application process
Follow these simple steps to get started:
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Verify Mobile Number
Enter your number on the RING app/website, receive an OTP, and verify.
Business Loan EMI Calculator
Breaking Down the Cost: Interest Rates Explained
A tool designed to help you understand the monthly payment on your loan. Whenever you take a loan, the EMI amount that you will pay is very important in helping you arrive at your final loan amount and repayment tenure. Our personal loan calculator helps you do just that. You will be able to see your monthly payment, and this will help you decide what your loan amount should ideally be, and if it is payable over a period.
Principal Amount (A): ₹500,000
Interest Amount (B):
Your EMI: ₹ per month
Your Loan Amount: ₹500,000
At Interest Rate of: 2%
For : 2 years
Total Payable: ₹
Here’s a quick example to illustrate:
- Loan Amount (Principal): ₹1,00,000
- Tenure: 12 months
- Interest Rate: 13% per annum
- Processing Fee (incl. GST): ₹3000 (3%)
- Total Interest: ₹7,180.73
- EMI: ₹1,374.63
- APR: Start from 14%
Disclaimer - The Loan EMI Calculator only shows an estimate. Consult your lender for accurate details.
The Formula to Calculate EMI on Business Loans
The formula for calculating EMI is as follows:
EMI = [P x R x (1+R) ^N]/ [(1+R) ^ (N-1)]
P= Principal loan amount | R= Monthly interest rate (annual interest rate divided by 12) | N= Loan tenure in months
**To explain it further, let’s see an example:**
Suppose you take a loan for ₹5,00,000 with an annual interest rate (IR) of 10% for a tenure of, say, 5 years (60 months).
First, convert the annual interest rate to a monthly interest rate. In this case, the monthly interest rate would be 10%/12 = 0.00833.
Using the formula, you can calculate the EMI as follows:
EMI = [500000 x 0.00833 x (1+0.00833)^60] / [(1+0.00833)^60-1]
By simplifying the equation, you will find that the EMI for this loan would be approximately ₹10,609.
This means that your monthly payment will be ₹10,609 for 60 months to repay the loan amount along with the interest.
For a more detailed explanation, you can refer to this blog.
Hear from Our Happy Customers
Rajesh S
Mumbai, Retail Business Owner
When I was planning to expand my retail store, I wasn’t sure about the monthly payments for the business loan. But using the Business Loan EMI Calculator from RING, I instantly knew the EMI based on different loan amounts and tenures. The calculator was so accurate and easy to use! It gave me clarity, and I could confidently choose the loan that suited my budget without any hassle.
Meera T
Delhi, Freelancer
As a freelancer, I wanted to invest in a new workspace, but I needed to know exactly how much I’d be paying each month. The Business Loan EMI Calculator let me compare different repayment tenures. It was such a relief! I could see the breakdown in real time and pick the most manageable option for my business without any surprises.
Arvind P
Pune, Manufacturer
For months, I was worried about getting a loan to upgrade my manufacturing equipment. I came across the Business Loan EMI Calculator by RING, and it made everything simple. I input the loan amount and interest rate, and within seconds, I had all the EMI details. What I appreciated the most was that the calculator included processing fees too, so there were no hidden costs!
Shilpa R
Bangalore, Tech Startup Owner
I needed to expand my team and tech infrastructure but wasn't sure if I could afford the monthly payments. The Business Loan EMI Calculator was a game changer. It gave me a detailed breakdown of my monthly EMI and the total interest over the loan period. This transparency made my financial planning so much easier.
Vikram K
Hyderabad, Restaurant Owner
Running a restaurant requires constant investment, and I needed funds to renovate. The Business Loan EMI Calculator helped me calculate my monthly payments and allowed me to tweak the loan amount and tenure until I found the perfect EMI. Knowing what I’m committing to every month gave me confidence to take the next step.
Sonal M
Ahmedabad, Boutique Owner
When I wanted to expand my boutique, I used RING’s Business Loan EMI Calculator to understand my payment obligations. It not only gave me an accurate EMI figure but also showed me how much I’d be paying in interest, making it so easy to make an informed decision. I highly recommend this tool to all small business owners who are looking for clarity.
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Got Questions? Let's get to them.
How do I calculate my business loan EMI using RING’s calculator?
Can I adjust the loan tenure to see how it impacts my EMI?
Yes, you can adjust the loan tenure (from 3 to 24 months) to see how the EMI changes. The longer the tenure, the lower the monthly EMI, but the total interest paid might increase. This flexibility helps you find the most suitable plan for your business needs.
Are there any hidden charges in the EMI calculation?
Absolutely not! The Business Loan EMI Calculator includes all relevant charges, like processing fees and interest, so you get a transparent view of what you’ll be paying over the course of the loan. No hidden fees, no surprises.
Is the EMI calculation accurate?
Yes, the calculator is designed to provide accurate EMI figures based on the loan amount, tenure, and interest rate you input. It calculates the exact monthly payment and breaks down the interest and total repayment amount.
More Questions
