InCred Business Loan EMI Calculator

The individual existence of the business in the market, by accruing profit and defeating its competitors, also influences the interest rate. Therefore, the older the business is, the more reasonable interest rates become for them.

Another crucial element that influences the InCred business loan interest rates is the CIBIL score of the firm. The lower the CIBIL score is, the higher the interest rate charged. Therefore, it is generally advisable to have a CIBIL score above 700 to be considered a financially healthy and stable business.

The annual turnover, profit margins, etc., helps in calculating the financial health of the business. The healthier and satisfactory performance of the business  helps them in availing the business loans at competitive interest rates.

InCred also considers the assets and liabilities of the business to determine the prior commitments and recovery options. For example, if the business is  willing to offer collateral against the loan amount as security, the interest rate will be charged reasonably.