# Punjab & Sind Bank Business Loan EMI Calculator

### Highlights

• Calculate accurate EMI with the help of Punjab and Sind Bank Business Loan EMI Calculator.
• Some of the factors involved in EMI calculation.

If you want to take a business loan from Punjab & Sind Bank then, first of all, you have to check the EMI payable. With the calculator, you can easily know the total amount to be paid till the end of the tenure period, including the principal amount and the interest amount. If you enter all the information, the calculator will show you the EMI.

EMI Calculator for Business Loan
Loan Amount (₹)
Interest Rate (%)
Tenure (Month)
Results
 Loan Amount Interest Rate Tenure(Months) Monthly Instalment (EMI) Total Interest Amount Total Amount (Principal + Interest)
YearPrincipalInterestBalance Amount

## Factors that Helps to Calculate EMI

These are the three common factors that help to calculate the EMI of your approved loan amount.

Principal Amount – The principal amount is basically a loan taken by the borrower to expand his business. Therefore each bank has its own terms and conditions, which lend to the borrower. So a larger amount will give you a larger EMI where a lower amount results in a lower EMI. So before applying the loan calculate the EMIs through Business Loan EMI Calculator.

Interest Rates – As every bank has its own interest rate Punjab & Sind Bank Business loan charges interest rate on the loan amount while taking the loan. Therefore, it is better to take a business loan at a lower interest rate so that the EMI burden is reduced. Firstly check through the Business Loan EMI Calculator.

Tenure Period – To get a business loan, you have to put a tenure period for how many months you are taking. EMI will be less for long tenure whereas for short tenure EMI will be higher.

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### How to Calculate Business Loan EMI

If you are good at maths and are confident of calculating EMI manually then this is a formula from which you can easily calculate EMI.

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

P denotes for Principal amount.
R denotes for Rates.
N denotes for Tenure.

But this formula is very complicated for those who are not good at mathematics and it takes a lot of time to calculate the exact EMI. So to save your time and energy, you just use Punjab & Sind Bank Business Loan EMI Calculator.

## Factors For Business Loan Rejection

Some Points that help understand factors affect business loan rejection.

Business Vintage – Each bank has its own requirements. Lenders always check your previous business record to approve the loan. Many applicants’ loan applications are rejected simply because they do not meet the business vintage.

Bad CIBIL Score – The main factor for taking out any loan is your Cibil score. If you have a poor Cibil score then you cannot take a loan from Punjab & Sind Bank. Always pay your debts on time to maintain your good credit score.

Incomplete Documents – In most cases, the loan application is rejected due to incomplete documents. If you want to approve a loan in the first attempt only then check the website of the Punjab & Sind Bank. See the list of documents and submit all the relevant documents which they need to approve the loan.

Relationship with Bank – A good relationship always helps you. If you are having a bad relationship with the bank then it would be more likely to reject the loan application. Therefore, before applying for a business loan, check your EMI using Punjab and Sind Bank business loan EMI calculator.

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