Business Loan Calculator 2020322 views
- Benefits of using Business Loan EMI Calculator.
- Basic Formula to Calculate EMI Amount.
As Capital Float give you an option to calculate EMI manually or through calculator. Even both the way gives you the same result. So before taking a business loan you should know the EMI amount. So you can calculate EMI amount in a few seconds through business loan EMI calculator. Required information that is loan amount, interest rate and tenure period. The results include monthly EMI amount, total amount with interest, flat rate per month and per annum, total amount and yearly interest amount.
|Monthly Instalment (EMI)|
|Total Interest Amount|
|Total Amount (Principal + Interest)|
Table of Contents
Benefits of Calculate Business Loan EMI
Graphic Representation:- With the business Loan EMI Calculator you can get graphic output in just a few seconds. You can easily understand through graphic representation. The pie chart contains the following information such as principal amount, EMI payable and interest rate.
Time Consuming:- If you calculate through the Capital Float business loan EMI calculator it gives you instant result, time consuming, low energy and fast process.
Quick Calculation:- Business loan EMI calculator helps the borrower to calculate EMI amount quickly. Using a calculator saves a lot of time and energy by using an EMI calculator instead of a manual. If you enter the required details in the calculator, it takes only a few seconds to calculate the EMI amount.
Formula to Calculate Business Loan EMI
Basically EMI will depend on three factors which are principal amount, interest rates and tenure duration. So below the formula to calculate EMI amount. With this formula you can calculate EMI amount manually.
E = P x R x (1 + R) ^ n / ((1 + R) ^ n-1)
P stands for Principal Amount
R stands for Interest Rates
N stands for Tenure period
E stands for EMI Payable Each Month
Benefits of Taking Loan from Capital Float
Fast Disbursement:- If you submit all related documents once, the lender will check the ability to pay the loan. It takes approximately 72 hours to disburse the loan to your account.
Collateral Free Loan:- If you are taking a secured loan then it is mandatory to provide any security for taking a loan.. But here the Capital Float offers you collateral free business loan. You are not required to give any kind of your personal assets.
Online Process:- Getting a business loan from a capital float is a completely online process. You do not need to go to any branch to get a loan. You just go to the official Capital Float website and fill the online application form. So you can only get online approval.
Easy Access:- You can easily reach from anywhere at any time. This required an internet connection. It will be accessed from desktop, mobile phones, tablets.
Attractive Interest Rates:- It offers you different types of interest rate that is Flat and Diminishing rate. In flat rate interest rate is fixed at the end of the loan whereas the diminishing Interest rate is calculated every month on the outstanding loan balance as the principal loan repayment.
Capital Float Business Loan Eligibility
- Borrower must be engaged in B2B services, manufacturing and distributor.
- Minimum Business operation of 3 years in same field.
- Annual turnover is ₹ 1 Crore.
- Business documents must be audited.
- The applicant Cibil score is 650 and above.