# Punjab National Bank Business Loan EMI Calculator

Last Updated : May 28, 2021, 9:13 p.m.

The Punjab National Bank Business Loan EMI calculator helps you find the exact EMI amount that the borrower has to pay. As you have to enter basic information, so get your EMI to pay every month. With the help of the calculator, you can know the total interest amount that you are going to repay at the end of the tenure.

Results
 Loan Amount Interest Rate Tenure(Months) Monthly Instalment (EMI) Total Interest Amount Total Amount (Principal + Interest)
Year Principal Interest Balance Amount

## Information that Help to Calculate EMIs

These are the things that help to calculate your business loan EMIs. With these things, you can easily calculate your loan EMIs.

Interest Rate – While taking any business loan interest rate plays an important role in calculating EMIs. Therefore, the rate of interest is used for calculating the loan balance, as the lender has to pay back periodically for the privilege of using its money.

Principal Amount – The principal amount is the amount that is borrowed from the bank. This is the amount the borrower has to pay before the fixed period with an additional interest charge.

Tenure – Tenure is the period or period for which the loan amount is approved in the borrower account. The tenure basically depends on the relationship with the applicant and the bank.

### Factors that Affects Loan EMIs

Below the factors that help to reduce your loan amount EMIs.

Business Nature – The main factor is business nature. It must be a positive and healthy cash flow. While any lender lends you money will always check the business nature. Some of the business is risky than other so in that case, the lender will not fund you or they may charge high-interest rate.

Loan Amount – Your loan amount determines the EMI only. If your loan amount is high then the lender will charge a lower interest rate and the EMI amount will be less.

## The Formula for Calculating Business Loan EMIs

As we all know that to calculate EMI amount we need basic formula. Below the formula of how to calculate EMIs.

EMI = P x R x (1 + R) ^ n / ((1 + R) ^ n-1)

So in the EMI calculator, this formula is built-in and it automatically calculates the exact EMI of your loan. Hence P stands for the principal loan amount, R stands for Interest rate and small n stands for the time.

As you can see the formula used to calculate the EMI amount is difficult to calculate the exact EMI. It takes a lot of time and energy. So no need to worry PNB has launched a business loan EMI calculator to calculate EMI in seconds. Only you have to fill in some details in the EMI calculator so that you can get the exact EMI amount.

### Benefits of Punjab National Bank Business Loan EMI Calculator

These are the basic features that help you to find the exact EMI amount:

• The borrower knows the exact EMI to be paid every month
• The total amount of interest is included in the EMI.
• Amount to be included in EMI.
• Find the correct rate of interest in the given term.
• For all results get graphical representation.

You can easily evaluate the EMI amount with the help of the Punjab National Bank Business Loan EMI Calculator. It is better to use a business loan EMI calculator to save your time energy and know your monthly EMI.