2,00,000 people visited this section in last 30 daysApply Online

Get Cashback of Upto ₹ 1,000* on Business Loan Apply Online

MyLoanCare Customer Ratings - 4.5/5.0 Apply Online

IndusInd Bank Business Loan EMI Calculator India Jul 2021

Business Loan EMI Calculator IndusInd Bank

Last Updated 25th Jun 2021

Get monthly EMI as low as ₹ 2,275 per lakh on IndusInd Bank business loan. Business loan EMI in IndusInd Bank depends upon loan annual turnover, gross receipts, number of years of ITR, loan amount, loan tenure and interest rate.

Loan Amount1 Year Loan2 Year loan5 Year loan
₹ 1 Lakh₹ 8,932₹ 4,754₹ 2,275
₹ 5 Lakh₹ 44,659₹ 23,771₹ 11,377
₹ 10 Lakh₹ 89,317₹ 47,542₹ 22,753
Apply for Business Loan @ 14.00%*
Best Offers on Business Loan offerOffers
Bank/NBFCs Rate* EMI per Lakh* Action

* Starting From

Business Loan Calculator IndusInd Bank

  • Business loan EMI (or equated monthly installment) is a fixed amount of money paid by you to IndusInd Bank 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.
  • IndusInd Bank offers business loans with loan tenure up to 60 months that translates into a lowest loan EMI of ₹ 2,275 per lakh, which makes it affordable for business loan borrowers. Lowest Rate of interest offered by IndusInd Bank on business loan is 13.00%.

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

Business loan EMI for ₹ 10 Lakh loan amount at lowest 13.00% interest rate offered by IndusInd Bank for different tenures

1 year 2 year 5 year
IndusInd Bank EMI for loan amount of ₹ 10 Lakh at 13.00% ₹ 89,317 ₹ 47,542 ₹ 22,753
Total amount you pay back to the bank including principal and interest ₹ 11,36,476 ₹ 12,91,578 ₹ 18,95,838
Interest you have to pay over loan tenure ₹ 1,36,476 ₹ 2,91,578 ₹ 8,95,838
  • 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 5 years, you pay the lowest EMI of ₹ 22,753. However, you pay an interest of ₹ 8,95,838 on a ₹ 10 Lakh loan.
  • In contrast, if you take a ₹ 10 Lakh loan from IndusInd Bank at the lowest loan rate offered for a period of 1 year, you pay a higher loan EMI of ₹ 89,317 and pay an interest of only ₹ 1,36,476 which is less than half of what you paid in a 5 year loan. Hence, it is advisable to choose your loan tenure wisely as longer tenure means high interest expenses.

Factors affecting IndusInd Bank Business Loan EMI

  • Loan amount - This is the amount borrower promises to repay to the bank with the interest applied. IndusInd Bank gives minimum business loan of ₹ 50,000 up to an amount of ₹ 15,00,000.
  • 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 IndusInd Bank is 13.00%. 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, IndusInd Bank offers business loan for a maximum tenure of 48 months.

IndusInd Bank Business Loan Amortization Calculator

IndusInd Bank Business Loan amortization schedule gives a break up of your monthly EMI into interest and principal repayment. IndusInd Bank gives you a detailed amortisation schedule with the sanction letter and you can calculate the total interest outgo as well as the pace at which your loan amount will be repaid during the loan tenure.

How to read an amortization schedule

Suppose if you take a Business Loan of ₹ 7 Lakh for 3 years from IndusInd Bank at an interest rate of 13.00%. EMI calculated for this loan amount is ₹ 23,586 and the total annual EMIs to be paid annually is ₹ 2,83,029. The EMI schedule of loan for 3 years is explained below in the table –

Amortization Schedule for a Business Loan of ₹ 7 Lakh over the 3 years

Year Interest paid during the year Principal repaid during the year Total amount paid during the year (Interest + Principal) Outstanding Principal
2021 ₹ 42,862 ₹ 98,653 ₹ 1,41,515 ₹ 6,01,347
2022 ₹ 65,518 ₹ 2,17,512 ₹ 2,83,029 ₹ 3,83,835
2023 ₹ 35,494 ₹ 2,47,535 ₹ 2,83,029 ₹ 1,36,300
2024 ₹ 5,214 ₹ 1,36,300 ₹ 1,41,515 -₹ 0

In the above illustration, on a IndusInd Bank Business Loan of₹ 7 Lakh, taken at the lowest interest rate of 13.00, EMI paid is ₹ 23,586 and an annual total of EMIs is ₹ 2,83,029, the interest component is ₹ 79,135 while the principal component is ₹ 2,03,894 in year 1 of loan disbursement. You repay only 29.13% of the total principal after paying 12 EMIs during the first year.

IndusInd Bank Business Loan Calculator Formula

P*r* (1+r)^n/([(1+r)^n]-1)
Here is an illustration of how IndusInd Bank business loan EMI is calculated:
In above formula,
P = Loan amount. This can range from ₹ 50,000 to ₹ 15,00,000
r = Rate of interest per month. Current rate is 13.00%
n = tenure in month. For IndusInd Bank, this can be 48 months

Tips to decide the right amount of IndusInd Bank Business Loan EMI

  • Ascertain the amount you need to borrow: It is important that before approaching IndusInd Bank 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 IndusInd Bank, 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 IndusInd Bank Business Loan EMI?

Business Loan EMI (or equated monthly installment) is a fixed amount of money paid by you to IndusInd Bank 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 IndusInd Bank 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 IndusInd Bank offering business loan with loan tenure up to 60 months, the loan EMI can be as low as ₹ 2,275 per lakh, to make it more affordable and convenient to meet your business needs. Rate of interest offered by IndusInd Bank are as low as 13.00%. You can check EMI for other tenures using our IndusInd Bank 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 IndusInd Bank 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 IndusInd Bank 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, IndusInd Bank 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 IndusInd Bank, 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?

IndusInd Bank 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 IndusInd Bank 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

IndusInd Bank Business Loan Customer Care Toll Free Number
City Customer Care Number
Agra 1860-267-7777
Ahmedabad 1860-267-7777
Ambala 1860-267-7777
Anand 1860-267-7777
Aurangabad Bihar 1860-267-7777

Notification ×
  • Home Loan

    Home Loan at all-time low rates starting at 6.65%. Cashback of up to ₹ 1,000.

    Apply Now
  • Personal Loan

    Instant Personal Loan starting at 10.25% with Cashback of up to ₹ 1,000 .

    Check Offers
  • Gold Loan

    Instant Gold Loan starting at 11.50% with Cashback of up to ₹ 500

    Apply Now
  • Loan Against Property

    Best Loan Against Property Offers starting @ 8.65%. Cashback of up to ₹ 1,000*.

    Apply Now
  • Business Loan

    Collateral Free Business Loan Rates starting at 14.00% with Overdraft facility.

    Apply Now
  • Fixed Deposit

    AAA rated FDs with returns as high as 6.95%.

    Invest Now
IndusInd Bank Business Loan News - Jul 2021
  • 2021-02-26 : IndusInd Bank to grow loan book by 15-18%
    IndusInd Bank is expecting to grow its loan portfolio by 15-18% year-on-year for the next two financial years under its fifth planning cycle.The Bank’s year-on-year growth in advances which include home, personal, LAP, two-wheeler car and gold loan along with business and mudra loan was flat at Rs 2.07 trillion until December 2020. Its deposits which include fixed and recurring deposits, grew by 10% to Rs 2.39 trillion.
  • 2021-01-08 : IndusInd Bank reported 11% growth in Q3 deposits
    IndusInd Bank posted a 3.2% quarter-on-quarter growth in the net advances which include home, personal, car, two-wheeler, gold and education loan along with business and mudra loans in the December quarter. Further, the bank also posted a 5% quarterly growth in deposits which includes fixed and recurring deposits.
  • 2020-07-29 : IndusInd Bank reported a Q1 profit before tax of Rs 602.45 crore
    IndusInd Bank registered a 67.8% fall in Q1FY21 net profit on the back of a five-fold increase in provisions for bad loans. Net interest income backed by a home, personal, gold, car and two-wheeler loans along with business and mudra loans grew by 16.4% year-on-year to Rs 3,309.2 crore in the quarter ended June 2020. Further, the gross bad asset ratio spiked to 2.53 per cent from 2.45 per cent in the March quarter and 2.15 per cent in the June quarter last year.
  • 2020-04-28 : IndusInd Bank reported a Q4 profit of Rs. 301.84 crore
    Private sector lender IndusInd Bank registered a Q4 profit of ₹301.84 crores against ₹360.10 crores a year ago. In addition to this, the bank’s standalone net profit for 2019- 2020 surged by 33.8% backed by retail loans like home and personal loan along with business loan to ₹4,417.91 crores against ₹3,301 crores in 2018-19.
  • 2018-01-16 : Indusind reports net 25% growth in December quarter
    Private sector lender Indusind Bank has reported a 25% net growth in the third quarter, ending this December. The net profits stand at Rs. 936.25 crore owing to the higher core income. The report showed a minor positive change in the gross non- performing assets ratio, which went up with reverses in loans against property, commercial loans and corporate loans.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
Loader
Please wait while your information is being processed...