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Bajaj Finance Business Loan EMI Calculator India Jul 2020

Business Loan EMI Calculator Bajaj Finserv

Last Updated 04th Jul 2020

Get monthly EMI as low as Rs. 2,938 per lakh on Bajaj Finserv business loan. Business loan EMI in Bajaj Finserv depends upon loan annual turnover, gross receipts, number of years of ITR, loan amount, loan tenure and interest rate.

Loan Amount1 Year Loan2 year loan4 year loan
₹ 1 Lakh₹ 9,168₹ 4,992₹ 2,938
₹ 5 Lakh₹ 45,840₹ 24,962₹ 14,688
₹ 10 Lakh₹ 91,680₹ 49,924₹ 29,375
Business Loan EMI Calculator
Lowest Interest Rate

Business Loan Calculator Bajaj Finserv

  • Business loan EMI (or equated monthly installment) is a fixed amount of money paid by you to Bajaj Finserv against the loan taken. This is towards repayment of your loan to the bank. Every month, it is due on a fixed day of the month till your loan is fully paid back.
  • Bajaj Finserv offers business loans with loan tenure up to 48 months that translates into a lowest loan EMI of ₹ 2,938 per lakh, which makes it affordable for business loan borrowers. Lowest Rate of interest offered by Bajaj Finserv on business loan is 18.00%.

Use EMI Calculator to Calculate your EMI on Business Loan at Different Tenure

Business loan EMI for ₹ 10 Lakh loan amount at lowest 18.00% interest rate offered by Bajaj Finserv for different tenures

1 year 2 year 4 year
Bajaj Finserv EMI for loan amount of ₹ 10 Lakh at 18.00% ₹ 91,680 ₹ 49,924 ₹ 29,375
Total amount you pay back to the bank including principal and interest ₹ 11,92,519 ₹ 14,22,101 ₹ 20,22,370
Interest you have to pay over loan tenure ₹ 1,92,519 ₹ 4,22,101 ₹ 10,22,370
  • The above table shows the longer your loan tenure, lower is the EMI you pay on the loan. However, your total interest outgo is significantly higher in a long tenure loan. In the above example, if you take ₹ 10 Lakh loan for a period of 4 years, you pay the lowest EMI of ₹ 29,375. However, you pay an interest of ₹ 10,22,370 on a ₹ 10 Lakh loan.
  • In contrast, if you take a ₹ 10 Lakh loan from Bajaj Finserv at the lowest loan rate offered for a period of 1 year, you pay a higher loan EMI of ₹ 91,680 and pay an interest of only ₹ 1,92,519 which is less than half of what you paid in a 4 year loan. Hence, it is advisable to choose your loan tenure wisely as longer tenure means high interest expenses.

Factors affecting Bajaj Finserv Business Loan EMI

  • Loan amount - This is the amount borrower promises to repay to the bank with the interest applied. Bajaj Finserv gives minimum business loan of ₹ 5,00,000 up to an amount of ₹ 30,00,000.
  • Interest rate - Interest rate is the rate charged over the principal amount borrowed. Higher interest rate increases your loan EMI which will increase the total cost of the loan. Lowest interest rate offered by Bajaj Finserv is 18.00%. Do complete market research and compare rates online before you apply for a business loan.
  • Loan tenure - This is the period in which you can repay your business loan to the bank. Longer loan tenure means lower loan EMI. Generally, Bajaj Finserv offers business loan for a maximum tenure of 48 months.

Bajaj Finance Business Loan Calculator Formula

P*r* (1+r)^n/([(1+r)^n]-1)
Here is an illustration of how Bajaj Finance business loan EMI is calculated:
In above formula,
P = Loan amount. This can range from ₹ 5,00,000 to ₹ 30,00,000
r = Rate of interest per month. Current rate is 18.00%
n = tenure in month. For Bajaj Finance, this can be 48 months

Tips to decide the right amount of Bajaj Finserv Business Loan EMI

  • Ascertain the amount you need to borrow: It is important that before approaching Bajaj Finserv for business loan, you need to estimate the amount of loan you need to borrow. Remember business loan is an unsecured short term loan, and hence it is advisable to minimize your loan amount to the extent possible. Also, based on the EMI you can service, try to opt for lowest tenure of loans as long tenure loans result in huge interest outgo.
  • Review your current obligations: Before taking loan from Bajaj Finserv, it is advisable to do an evaluation of your current monthly expenses including any EMI obligations that you have on your current loans. The assessment will help you to estimate the amount of EMI you can pay comfortably after taking into account other obligations. Once you arrive at the EMI you can service, you can also decide on the right loan tenure.

FAQs

What is the calculation of Bajaj Finserv Business Loan EMI?

Business Loan EMI (or equated monthly installment) is a fixed amount of money paid by you to Bajaj Finserv against the loan taken. This is towards repayment of your loan to the bank. Every month, it is due on a fixed day of the month till your loan is fully paid back.

  • Business Loan EMI (or equated monthly installment) is a fixed amount of money paid by you to Bajaj Finserv against the loan taken. This is towards repayment of your loan to the bank. Every month, it is due on a fixed day of the month till your loan is fully paid back.
  • With Bajaj Finserv offering business loan with loan tenure up to 48 months, the loan EMI can be as low as ₹ 2,938 per lakh, to make it more affordable and convenient to meet your business needs. Rate of interest offered by Bajaj Finserv are as low as 18.00%. You can check EMI for other tenures using our Bajaj Finserv business loan calculator.
  • This EMI consists of both interest payment and principal repayment. Though the EMI amount will remain constant, the principal component keeps increasing and on the other hand the interest component keeps reducing.

How does MyLoanCare business loan calculator calculate EMI?

This calculator calculates EMI considering a combination of loan amount, interest rate and loan tenure.

  • This calculator considers “reducing balance basis” and assumes that payment of EMI is made in arrears (means interest is charged for the month preceding the EMI payment date) and not in advance.

Will the Bajaj Finserv business loan EMI remain constant or change in future? What happens in case of increase or decrease in interest rate?

Typically, the business loan EMI remains unchanged unless the customer requests for a change and the same is approved by Bajaj Finserv subject to its eligibility conditions (note that nominal charges may apply for effecting a customer initiated change in EMI).

  • In case the floating rate of interest on your business loan increases, Bajaj Finserv will typically keep the EMI constant but increase the loan tenure. So, you will pay the same EMI but for a longer duration. In case the interest rates increase to an extent that the revised loan tenure is more than the maximum permissible by Bajaj Finserv, the bank may increase your EMI amount.
  • For partly disbursed loans availed under tranche EMI scheme, your loan EMI will increase with each disbursement.

Will business loan EMI change in case of prepayment?

Bajaj Finserv allows prepayment at nil charges or penalty in case of floating rate business loans.

  • When you make a prepayment, the outstanding principal amount on your loan reduces. In this case, you may choose to either keep the EMI same and reduce the loan tenure (that is paying off the loan faster) or reduce the EMI and keep the loan tenure same (that is paying lesser amount every month). It is beneficial to keep the EMI constant and reduce the loan tenure as you pay less interest to the bank in this option.

Why should I calculate Bajaj Finserv loan EMI before taking a loan?

In case EMI comes out to be more than your monthly budget, then you have the chance to apply for a lower loan amount which fits your monthly budget and makes EMI easily affordable.

  • If you already know the EMI you have to pay each month, then you can plan your expenses accordingly.
  • Based on the EMI amount, you can opt for making prepayment of your business loan in future when you have surplus amount.

Compare Business Loan EMI of All Banks

Bajaj Finserv Business Loan EMI Calculator Customer Care Number, Email, Application Status, Branches
City Customer Care Number
Agra 020-39575152
Ahmedabad 020-39575152
Ambala 020-39575152
Anand 020-39575152
Aurangabad Bihar 020-39575152
Bangalore 020-39575152
Bhilai 020-39575152
Bhilwara 020-39575152
Bhiwadi 020-39575152
Bhopal 020-39575152
Bhubaneswar Cuttack 020-39575152
Bikaner 020-39575152
Chandigarh 020-39575152
Chennai 020-39575152
Cochin 020-39575152
Coimbatore 020-39575152
Dehradun 020-39575152
Delhi 020-39575152
Durg 020-39575152
Faridabad 020-39575152
Gandhinagar 020-39575152
Ghaziabad 020-39575152
Goa 020-39575152
Greater Noida 020-39575152
Gurgaon 020-39575152
Guwahati 020-39575152
Gwalior 020-39575152
Hyderabad 020-39575152
Indore 020-39575152
Jabalpur 020-39575152
Jaipur 020-39575152
Jalandhar 020-39575152
Jodhpur 020-39575152
Kanpur 020-39575152
Karnal 020-39575152
Kolhapur 020-39575152
Kolkata 020-39575152
Kota 020-39575152
Kozhikode 020-39575152
Lucknow 020-39575152
Ludhiana 020-39575152
Madurai 020-39575152
Meerut 020-39575152
Mehsana 020-39575152
Mohali Sas Nagar 020-39575152
Mumbai 020-39575152
Mussoorie 020-39575152
Nagpur 020-39575152
Nashik 020-39575152
Noida 020-39575152
Noida Extn 020-39575152
Panipat 020-39575152
Patna 020-39575152
Pondicherry 020-39575152
Pune 020-39575152
Raipur 020-39575152
Rajkot 020-39575152
Ranchi 020-39575152
Rohtak 020-39575152
Roorkee 020-39575152
Salem 020-39575152
Shimla 020-39575152
Sonipat 020-39575152
Surat 020-39575152
Trichy 020-39575152
Udaipur 020-39575152
Vadodara 020-39575152
Varanasi 020-39575152
Vijaywada 020-39575152
Vizag 020-39575152

Bajaj Finserv Business Loan Reviews 4/5  by 6 customers
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Bajaj Finance Business Loan News - Jul 2020
  • 2020-05-20 : Bajaj Finance posted a net profit at ₹948.1 crore
    Bajaj Finance posted a 19.38% decline in consolidated net profit at ₹948.1 crores in the fourth quarter of FY20 when compared to ₹1,176.06 crores a year ago. The bank’s net interest income grew 38% to ₹4,684 in the quarter ending March 31, 2020, crore from ₹3,385 crores a year ago. New loans backed by retail loans like home and personal loans along with business, mudra and two-wheeler loans increased by 3% during the quarter.
  • 2019-05-03 : NBFCs to seek loans from overseas banks in the form of External Commercial Borrowings
    Non-banking finance companies including Piramal Capital Housing, Bajaj Finance, Hero FinCorp, and IIFL Finance are now going beyond bonds to seek loans from overseas banks in the form of External Commercial Borrowing (ECB). Each NBFC is aiming to raise about $200-400 million in the next few weeks. IIFL Finance may raise up to $500 million, according to the sources.
  • 2019-02-15 : Bajaj Finance to infuse 10,000 crores into Bajaj Housing Finance in March
    Bajaj Finance is set to infuse 10,000 crores into its wholly owned mortgage lending arm Bajaj Housing Finance during the month of March 2019. The funds granted to them will help them to further expand their housing finance business. The company also has plans to strengthen its housing and business loans portfolio this year with the rise in the number of home loan disbursements.
  • 2019-02-06 : Bajaj Finance assigned an International Rating of BBB by S&P Global Ratings
    One of the leading NBFCs, Bajaj Finance has been assigned a long-term issuer credit rating of BBB with a stable outlook and A-3 short-term issuer credit rating by S&P Global Ratings on January 31, 2019. According to S&P Global Ratings, NBFCs comfortable capital levels and strong market position drive the ratings of the company which is supported by high margins, low dividend payouts, and periodic capital infusions to support rapid growth.
  • 2017-10-03 : Bajaj Finserv business loans experience 23% growth
    Due to a sharp growth of business loans in the recent past, Bajaj Finserv has acquired more than 50,000 new SME customers from 350 cities across the country. It has reported a 23% growth in the volume of business loans in the first quarter of FY18.
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More
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