IIFL Finance Business Loan EMI Calculator

Know about the EMI amount of your IIFL Finance Business Loan and compare it with other options with this calculator on Bajaj Markets. You can check the instalment amount, total interest charges payable, and the overall cost of the loan.

Your Business Loan EMI

₹ 2,860

Total Interest Amount

₹ 37,266

Principal Amount

₹ 100,000

Total Payable Amount

₹ 137,266

Loan Amount

Interest Rate

- +

Tenure

- +

Check Offer

You can also make instant comparisons between loan offers from multiple Business Loan providers on Bajaj Markets.

How to Calculate IIFL Finance Business Loan EMI

Let’s say you borrow ₹30,00,000 at an interest rate of 16.50% p.a. for a tenure of 48 months. Substitute these values in the following formula to calculate the EMI of your IIFL Finance Business Loan:

EMI = P × R × (1 + R)^N / [(1 + R)^N - 1]

Here:

P = The borrowed loan amount
R = Monthly rate of interest (annual rate divided by 12)
N = Loan tenure in months

Thus,

P = ₹3,00,000
R = (16.50 ÷ 12) ÷ 100 = 0.0137
N = 48

By applying the values, your EMI would be approximately ₹8,430. Calculating manually can be time-consuming and error-prone. Use the business loan EMI calculator available on above for accurate and instant results. This tool simplifies complex calculations and ensures precision.

How to Use the IIFL Finance Business Loan EMI Calculator

Using the IIFL Finance Business Loan EMI Calculator is fairly easy. All you need to do is follow the steps given below to get more clarity on the EMI you have to pay.

Head to the calculator on this page
Enter the principal amount of your IIFL Finance Business Loan
Enter the interest rate of your loan
Fill in the details of the repayment tenure you have chose

Benefits of Using IIFL Finance Business Loan EMI Calculator

Here are the benefits you could receive if you use a IIFL Finance Business Loan EMI Calculator to plan your finances.

Free Tool

The IIFL Finance Business Loan EMI Calculator is free-to-use. You can use the calculator anytime and don’t have to pay anything to use it online.

Easy to Use

Using an online calculator to check the EMI you have to pay is a convenient and time-saving process. You can do this from the comfort of your home.

Instant Accurate Results

The IIFL Finance Business Loan Calculator gives you instant and accurate results in a moment. This will save your time and help you plan your loans right away.

Better Loan Management

With the help of this EMI calculator, you can get a better idea of how different loan amounts and tenures affect your EMIs. This will make loan management easier and more accurate.

Disclaimer

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.

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FAQs on IIFL Finance Business Loan EMI Calculator

What is the calculation of IIFL Finance Business Loan EMI?

IIFL Finance Business Loan EMI is calculated based on the loan amount, interest rate and repayment tenure. The formula for EMI is EMI = P x R x (1+R)N / [(1+R)N-1], where P stands for the Principal amount, R for the Rate of interest and N for the Number of monthly instalments. You can use a IIFL Finance Business Loan EMI Calculator available online for easy EMI calculation.

Does the loan tenure affect my EMI for IIFL Finance Business Loan?

Yes. Longer the loan tenure, the smaller will be the EMIs of your business loan. Your EMI will be much lower if you get a loan for 5 years instead of 2 years.

Why is it important to calculate EMI before taking out an IIFL Finance Business Loan?

Understanding the EMI you have to pay before availing of an IIFL Finance Business Loan will make loan management easier and more accurate. Also, you can compare the EMI with other lenders and see which is the most economical one. This will help you choose better. A good CIBIL score can further improve your chances of securing favourable terms, making the loan more affordable.

How can you get a repayment schedule for IIFL Finance Business Loan EMI?

A repayment schedule depicts how much you should pay as EMI for your business loan every month. You can use an IIFL Finance Business Loan EMI calculator to compute this and sketch out a repayment schedule.

What is the interest rate in IIFL Finance?

IIFL Finance Business loans can be availed at interest rates in the range of 12.75% to 33.75% .