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Lendingkart Finance is one of the leading Non-banking Financial Companies (NBFCs) that offers unsecured business loans or collateral-free loans up to Rs. 1 crore. Lendingkart business loan EMI Calculator is a convenient and handy online tool that provides EMI information to its customers in no time. EMI calculation is an integral part of borrowing and should be performed by almost every borrower or applicant before applying for any loan.
Lendingkart Business Loan EMI Calculator
Business loan EMI calculators are built to make things easy for customers to decide on lending deals. It is viable to do thorough research on loan deals before finalizing any. These are basic calculators that provide EMI information for the desired loan amount. The three important details that are required to get EMI information include loan amount, repayment tenure and interest rate.
Comparison of Business Loan Interest Rates offered by Top Banks/NBFCs
| Bank/NBFCs | Interest Rate |
| Axis Bank | 10.75% p.a. onwards |
| Flexiloans | 1% per month onwards |
| HDB Financial Services Ltd. | 8% - 26% p.a. |
| HDFC Bank | 10.75% - 25% p.a. |
| IDFC First Bank | 10.50% p.a. onwards |
| Indifi | 1.50% per month onwards |
| Kotak Mahindra Bank | 16% - 26% p.a. |
| Lendingkart | 12% - 27% p.a. |
| Mcapital | 2% per month onwards |
| NeoGrowth Finance | 15% - 40% p.a. |
| Tata Capital | 12% p.a. onwards |
| UGRO Capital | 9% - 36% p.a. |
| Bajaj Finserv | 10% to 26% |
Using any type of loan calculator at Paisabazaar is a hassle-free and easy task. By just entering a few basic loan details, customers can check the EMI for the loan amount that they plan to borrow. Applicants can mention the desired loan amount, interest rate and repayment tenure to get the loan EMI information to plan their loan in a more convenient method.
Business Loan Formula
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)
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Why should you choose Lendingkart Finance for Business Loan?
Business loan interest rate offered by Lendingkart is highly competitive and moreover, they offer unsecured business loans of up to Rs. 2 crore. Unsecured business loans mean these loans are collateral or security free in which the customers are not required to submit any collateral or security with Lendingkart Finance. Applicants can also choose from flexible repayment options offered by the NBFC.
Benefits of Using Lendingkart EMI Calculator
- Loan planning becomes easy
- Helps in long-term financial planning and budgeting
- Provides accurate results and saves time
- Can be accessed from anywhere and everywhere
- Hassle-free, quick, convenient and easy process