Protium Business Loan EMI Calculator

If you are considering a Protium Business Loan, it is important to understand your Equated Monthly Instalments (EMI) before borrowing.

Your Business Loan EMI

₹ 130,966

Total Interest Amount

₹ 1,214,773

Principal Amount

₹ 3,500,000

Total Payable Amount

₹ 4,714,773

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 Protium Business Loan EMI

It is essential to understand how much you will need to repay each month before applying for a business loan. The Protium Business Loan EMI Calculator helps estimate your EMI in advance, allowing better financial planning. The EMI for a business loan is calculated using the following formula:

EMI = P x r x (1 + r)n / (1 + r)n-1

Where:

P is the loan amount (principal)
r is the monthly interest rate (annual rate ÷ 12 ÷ 100)
n is the loan tenure in months

This formula ensures that each EMI includes both principal repayment and the interest component. In the initial months, a larger portion of the EMI goes towards interest, while in the later stages, more of it is used to repay the principal.

Example Calculation

If you were to take a Protium Business Loan of ₹10 Lakhs at an annual interest rate of 20.50% p.a. for a tenure of 36 months. In this case:

Loan Amount (P): ₹10,00,000

Annual Interest Rate: 20.50% p.a. (1.708% per month. It’s equivalent to 0.01708 in decimals)

Loan Tenure (n): 3 years (36 months)

Now, applying these values to the formula:

EMI: 10,00,000 x 0.01708 x (1 + 0.01708)36 / (1 + 0.01708)36-1
EMI: 10,00,000 x 0.01708 x 1.8872 / 1.8872 – 1
EMI: 10,00,000 x 0.01708 x 1.8872 / 0.8872
EMI: 3,22,399 / 0.8872
EMI: ₹36,350

Thus, the EMI for a ₹10 Lakh loan at 20.50% p.a. for 3 years would be approximately ₹36,350 per month.

Benefits of Using the Protium Business Loan EMI Calculator

Quick and Accurate Calculations

The calculator provides instant EMI estimates, eliminating the need for manual calculations.

Better Financial Planning

It helps you assess whether the loan is affordable based on your current income and expenses.

Customised Loan Comparisons

You can adjust the loan amount, tenure, and interest rate as many times as needed to compare different repayment scenarios.

Transparency in Repayments

It shows the total repayment amount and interest payable, ensuring clarity before borrowing.

Reduces Loan-related Stress

Knowing your EMI beforehand helps you plan your payments efficiently and avoid financial strain.

Time-saving and Easy to Use

The tool simplifies complex calculations, making it easy to explore different loan options in seconds.

Avoids Over-borrowing

It helps you select a loan amount that aligns with your repayment capacity, preventing financial strain.

Supports Smart Decision-making

It enables comparisons with other lenders to help you choose the most cost-effective loan option.

Other Bajaj Markets Business Loan Partners EMI Calculators

Aye Finance Business Loan EMI Calculator	Bajaj Finance Business Loan EMI Calculator	Flexiloans Business Loan EMI Calculator
IIFL Business Loan EMI Calculator	Incred Business Loan EMI Calculator	Indifi Business Loan EMI Calculator
Lendingkart Business Loan EMI Calculator	Kreditbee Business Loan EMI Calculator	Ambit Finvest Business Loan EMI Calculator
Credit Saison Business Loan EMI Calculator	U Gro Capital Business Loan EMI Calculator	Aditya Birla Finance UDYOG PLUS Business Loan EMI Calculator

Frequently Asked Questions

Protium Business Loan

Does the loan tenure affect my EMI for a Protium Business Loan?

Yes, the length of your repayment period has a direct influence on your monthly installment. Opting for a longer tenure lowers your EMI but results in higher total interest charges, whereas a shorter tenure increases your EMI but reduces the overall interest paid.

Is the Business Loan EMI Calculator accurate?

Yes, the EMI calculator provides accurate estimates based on the loan amount, interest rate, and tenure. However, actual EMI amounts may vary slightly due to factors like processing fees, changes in interest rates, or lender-specific charges.

Why is it important to calculate EMI before taking out a Protium Business Loan?

Calculating your EMI in advance helps you assess affordability, plan your finances effectively, and avoid repayment difficulties. It also allows you to compare loan options and choose a repayment structure that best suits your financial situation.

Can the EMI amount and interest be reduced?

Yes, you can lower your EMI or total interest by opting for a longer tenure while this can reduce EMI but increases interest output. Negotiating a lower interest rate, making part-prepayments, or choosing a smaller loan amount can help reduce the EMI amount and reduce the interest.

What are the eligibility criteria and documents required for a Protium Business Loan?

To apply for a Protium Business Loan, your business must be a sole proprietorship, partnership, or private limited company with at least 2 years of operation. It must also have a minimum turnover of ₹2 Lakhs. You should have a CIBIL score above 650, a bank balance of at least ₹10,000, an Aadhaar-linked mobile number, and net banking or ePDF access.

Required documents include a PAN card, Aadhaar card, address proof (self and business), and business registration proof. Meeting these criteria and submitting the necessary documents can help ensure a smooth loan approval process.