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NeoGrowth Business Loan EMI Calculator

Home Business Loan Neogrowth 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: 21-05-2024 13:12:26 PM

Knowing your loan EMI before applying for any loan is always an added advantage. NeoGrowth Business Loan EMI Calculator is an online tool that gives instant results on the EMI that needs to be paid against the borrowed amount in a defined period of time. Business loans offered by NewGrowth are instantly approved that are majorly offered to Small and Medium Enterprises (SMEs), individuals and retailers.

Business Loan EMI Calculator

Business Loan EMI calculator helps individuals in the auto-calculation of the EMI within no time. EMI calculator required only three fields to be filled, such as offered interest rate, desired loan amount and chosen repayment tenure. Instant results are displayed by the business loan EMI calculator at ease of applicants.

Reasons to choose MSME/Business loan from NewGrowth

Competitive interest rates for their Collateral free loans, offered with doorstep services to its customers for its loan category (NeoCash Express). The MSME loan amount offered by NewGrowth is minimum Rs. 2 lakh and is up to Rs. 8 lakh. The maximum repayment tenure is up to 500 days with flexible repayment options. Business or MSME loans can be availed by enterprises with minimum 2 years of business existence.

Paisabazaar’s Business Loan EMI Calculator & its Usage

For individuals, applicants or new and existing customers, Paisabazaar.com is a one-stop-shop for all of their loan or credit card requirements. So, it helps them to check and compare from numerous loan options. They can also access their loan EMIs by accessing Paisabazaar’s Business Loan EMI calculator online. Only three fundamental fields are required to be entered for knowing the loan EMI, such as desired loan amount, interest rate and loan duration.

Business Loan EMI Formula

Below stated formula is accessed by banks and NBFCs to calculate the business loan EMI:

Formula:

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

Wherein,

P refers to the loan principal;

R refers to the rate of interest on a monthly basis;

N refers to the loan repayment tenure in months. 

Benefits of Using NeoGrowth Business Loan EMI Calculator

  • Instant results with no manual calculation
  • Time saving task that reduces paperwork
  • Helps in efficient loan planning and monthly budgeting
  • Online tool that can be accessed anytime and from anywhere
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