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Please Note: Kotak Mahindra Bank is not a Paisabazaar partner. Offers would be from partner banks/NBFCs only.
Kotak Mahindra Bank Business Loan EMI Calculator
Business loan EMI calculator is an online tool that can be accessed anytime and from anywhere to calculate the loan EMI to manage your loan finance and other related aspects. Business loan EMI calculator requires details that include the desired loan amount, interest rate and loan tenure.
Comparison of Interest Rates on Business Loan Offered by Top Banks
| 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% |
How to use Paisabazaar Business Loan EMI calculator?
Applicants can visit paisabazaar.com to access its handy and online tool of business loan EMI calculator. Applicants are required to fill in a few basic loan details to get an instant EMI to be repaid with desired repayment tenure and loan amount.
Business Loan Formula
Below stated is the formula used for calculating your business loan EMI:
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 you should choose Kotak Mahindra Bank for Business Loan?
Kotak Mahindra Bank specialises in fast loan disbursals and hassle-free documentation process. The unsecured business loan amount offered is as high as Rs. 75 lakh. One of the few business entities to offer loan amount of up to Rs. 75 lakh without collateral or security. The minimum loan amount that is offered starts from Rs. 3 lakh. Moreover, the documentation charges are as low as Rs. 3500 for loan amount less that Rs. 10 lakh (Plus GST). To check loan EMI, you can also visit the official website of Kotak Mahindra Bank.