Please Note: PNB is not a Paisabazaar partner. Offers would be from partner banks/NBFCs only.
PNB Business Loan EMI is the fixed amount of money that the borrower has to repay the loan to the lender in form of Equated Monthly Instalments (EMIs). The EMIs to be rapid shall vary as they depend on the repayment tenure, desired loan amount and interest rate charged by the bank.
To check your business loan EMIs you can access PNB Business Loan Calculator online by entering three basic loan details, such as loan amount, repayment tenure and interest rate.
Business Loan EMI Calculator
Business Loan EMI calculator helps in obtaining accurate monthly instalment amount for your borrowed loan amount or if you are planning for any loan. It is an automated handy online tool that helps customers to check their loan EMIs and further assists in loan planning and financial budgeting.
How to use the Paisabazaar Business Loan EMI Calculator?
You can also check your loan EMIs by accessing business loan EMI calculator by visiting paisabazaar.com and entering details that include loan amount, repayment tenure and interest rate. It is convenient to check and compare from all the loan options available from leading financial institutions under one roof or at just one web portal that is paisabazaar.com.
Business Loan EMI Calculation Formula
Below stated formula is used by banks and NBFCs to calculate the business loan EMI for their borrowers:
[P x R x (1+R) ^ N]/[(1+R) ^ (N-1)]
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 an EMI Calculator
- A handy online tool that can be accessed from anywhere and anytime
- Provides accurate loan EMI details
- Saves time and helps in loan planning displays amortization schedule for the desired loan