Syndicate Bank Business Loan EMI Calculator
Last Updated : Nov. 5, 2019, 1:19 p.m.
Syndicate Bank Business Loan EMI Calculator helps to evaluate the monthly instalment payable on a certain amount of business loan. This tool displays the EMI amount, the amount of total interest and the total payable amount including interest and principal. For better results, you need to provide the loan amount, rate of interest and the time period for which the loan has been borrowed. You have to submit the time period in months and not in years. Once all the information is entered, you can view your EMI and other details.
| Loan Amount | |
| Interest Rate | |
| Tenure(Months) | |
| Monthly Instalment (EMI) | |
| Total Interest Amount | |
| Total Amount (Principal + Interest) |
| Year | Principal | Interest | Balance Amount |
|---|
Features of Business Loan EMI Calculator
Fast Results:- This EMI calculator will help you to calculate the EMI within seconds. It displays faster results of all the information related to the EMI. This business loan EMI Calculator will save a lot of time and you can do easy calculations. It is better to save your precious time rather than investing it in manual EMI Calculation.
Displays Overall Interest Amount:- You can see the total interest amount charged on the loan. This calculator will show you the amount of interest charged on the loan after a period of time. This features of the EMI calculator will help you to see a different amount of interest charged by the bank on the different loan amounts.
Displays Monthly Interest Amount:- You can even see the monthly interest amount included in the EMI with the help of an EMI Calculator. This tool shows the interest amount and the principal amount separately to the borrower.
Calculates Total Amount Payable:- Suppose you have taken a loan of Rs.10 Lacs and the overall interest is Rs.3 Lacs. Then the tool will show you the total amount as Rs.13 Lacs. So you can realize the total amount that you have to pay after the expiration of the loan period.
Graphical Representation:- Syndicate Bank Business Loan EMI Calculator even shows all the results in a graphical form. The graphical representation looks attractive and you can easily understand all the calculations.
Formula Applied in the Calculator
EMI = P x R x (1+R)^n/((1+R)^n-1)
If you want to try the manual calculation then you can apply this formula as well. At the place of “P” use the loan amount and use the Rate of Interest at the place of “R”. The small “n” represents the time period of the business loan. Rest you can do the calculation easily.
Syndicate Bank Business Loan
As we all know that Syndicate Bank is a nationalised bank and the users don’t have any trust issue with it. Therefore the demand for Syndicate Bank Business Loan is high. But before taking any loan you must know the business loan interest rates of all the top lenders and then apply according to your convenience. On the other hand, you must also know how to get a loan from bank for business . Finally, it is time to apply for the business loan and leading towards your business expansion.