customer-support

Talk to Expert

Sales Enquiry
Call Us: 1800 570 3888
Service Helpline
Call Us: 1800 258 5616

Our Advisors are available 7 days a week, 9:30 am - 6:30 pm to assist you with the best offers or help resolve any queries.

Get the App
get-the-app-mobile
Download the
Paisabazaar app Today!

Get instant access to loans, credit cards, and financial tools — all in one place

get-the-app-qr

Scan to download on

play-app-store
Paisabazaar Logo
customer-support

Talk to Expert

Sales Enquiry
Call Us: 1800 570 3888
Service Helpline
Call Us: 1800 258 5616

Our Advisors are available 7 days a week, 9:30 am - 6:30 pm to assist you with the best offers or help resolve any queries.

Offers on Paisabazaar are only from Credit Institutions regulated by the RBI

Bank of Baroda Business Loan EMI Calculator

Home Business Loan Bank of Baroda EMI Calculator

Calculate Loan EMI

Loan Amount

10 k 10 Cr

Interest Rate

%
4 % 26 %

Tenure

Years
0 Year 30 Years

EMI

0

Interest Payable

0

Total Amount Payble

0

* The EMI calculation is based on interest rate input provided by the user and for illustrative purposes only.More

The EMI calculator uses the reducing balance method to calculate loan EMI and total interest payable using key data (Principal, Interest Rate and Tenure) as provided by the user. Additional charges such as processing fees, documentation charges, etc. that may be applicable are not considered by this calculator.

Updated: 28-12-2023 06:07:38 AM

Bank of Baroda (BoB) Business Loan EMI Calculator

BOB Business Loan EMI Calculator is an easy-to-use and handy online tool that provides access to calculate the EMI to be paid against the business loan availed from Bank of Baroda. The bank specialises in offering a wide range of MSME loan products to its customers and for their convenience it provides business loan EMI calculator to calculate monthly instalments for better loan planning.

Comparison of Interest Rates on Business Loan Offered by Top Banks

Bank/NBFCsInterest Rate
Axis Bank10.75% p.a. onwards
Flexiloans1% per month onwards
HDB Financial Services Ltd.8% - 26% p.a.
HDFC Bank10.75% - 25% p.a.
IDFC First Bank10.50% p.a. onwards
Indifi1.50% per month onwards
Kotak Mahindra Bank16% - 26% p.a.
Lendingkart12% - 27% p.a.
Mcapital2% per month onwards
NeoGrowth Finance15% - 40% p.a.
Tata Capital12% p.a. onwards
UGRO Capital9% - 36% p.a.
Bajaj Finserv10% to 26%

Usage of BoB EMI Calculator

Accessing BOB EMI Calculator is a simple and hassle-free task. Applicants just need to enter the desired loan amount, offered interest rate and loan duration in the EMI calculator to get instant results. Likewise, applicants can plan their loan accordingly, as per their business requirements and finances. The same business loan EMI calculator can be used to access EMIs offered from all the MSME loan deals offered by the bank, as well as for other business loan options.

Business Loan Formula

The business loan EMI calculator formula used by lender is below mentioned:

EMI = [P x R x (1+R) ^ N]/[(1+R) ^ (N-1)]

The alpha components 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 to pick BOB for MSME or Business Loan?

BoB offers business loan options related to almost every market segment of almost every sector or industry. So, applicants can choose from various loan deals that suit their business requirements.

Benefits of Using an EMI Calculator
  • Gives instant results and saves time
  • Helps in loan planning and monthly budgeting
  • Can be accessed from anywhere and everywhere
  • Can be compared for different loan deals offered by the bank
Menu