# SBI Business Loan EMI Calculator

## SBI Business Loan EMI Calculator

Enter your loan amount, rate of interest, and loan tenure to check the monthly EMI of your SBI business loan.

%
 Monthly EMI ₹86 Principal Amount ₹1,000 Total Interest ₹32 Total Amount ₹1,032.00

Year Month Principal (A) Interest (B) EMI (A+B) Balance Loan Paid to Date (%)

The State Bank of India (SBI), known for its comprehensive range of financial products, offers business loans customized to various business needs. To help businesses plan their loan repayments, SBI provides an online Business Loan EMI Calculator.

The business loan EMI calculator helps you understand your monthly payments by calculating the EMI based on your loan amount,interest rate, and repayment period. This tool is easy to use and provides quick results, allowing you to plan your finances better. By trying out different loan options in the calculator, you can choose the one that best fits your budget, making loan repayment easier and helping you focus on growing your business.

SBI business loan interest rate starts from 9.10% p.a. and offers business loans up to ₹500 Crores for a tenure of 15 years.

## SBI Business Loan EMI Calculator Formula

The formula used to calculate the EMI is:

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

Where,
EMI is the Equated Monthly Instalment.
P = Principal amount
R = Monthly interest rate
n = Loan tenure in months.

For example: Let’s assume you avail a business loan of ₹10 lakhs at an interest rate of 10.5% p.a. for a tenure of 10 years.

Given:
Principal amount = ₹10,00,000
Rate of interest (per month) = 10.5/ 12 / 100
= 0.00875

Tenure (in months) = 10 years (120 months)
Then, EMI = ₹10,00,000 x 0.00875 x (1+ 0.00875)^120 / [(1+0.00875)^120 - 1]
= ₹13,493

Therefore, the EMI you need to repay every month will be ₹13,493.

## Steps to Use SBI Business Loan EMI Calculator

Using the SBI Business Loan EMI Calculator is simple. Just follow these steps:

Step 1: Visit the SBI website and navigate to the Business Loan EMI Calculator.

Step 2: Enter the loan amount you wish to borrow.

Step 3: Input the applicable interest rate for the loan.

Step 4: Choose the loan tenure (in months or years).

Step 5: Click ‘Calculate’ to see the EMI amount.

Step 6: Review the EMI, total interest payable, and overall repayment amount.

Step 7: Adjust the inputs if needed to explore different loan scenarios.

## Benefits of SBI Business Loan EMI Calculator

Here are the benefits of using the SBI Business Loan EMI Calculator:

1. Quick and Easy Calculations: The calculator provides instant results, saving time and effort compared to manual calculations.

2. Accurate Financial Planning: It helps you plan your finances better by giving you a precise EMI amount based on your loan details.

3. Loan Comparison: You can compare different loan amounts, interest rates, and tenures to find the most suitable option for your business.

4. Budget Management: Knowing your EMI in advance helps you manage your budget effectively, ensuring you can meet your loan obligations without financial strain.

5. No Cost Involved: The calculator is free to use and accessible online, allowing you to perform unlimited calculations.

6. Detailed Insights: Some calculators offer an amortization schedule, providing a breakdown of the principal and interest over the loan tenure.

### SBI Business Loan Amortisation Table

Amortization is the process of dividing a fixed-rate loan into equal monthly payments. Each payment includes both principal and interest, shown in an amortization schedule.

The table below shows the SBI Business Loan Amortization for a loan amount of ₹10 lakhs at an interest rate of 10.5% with a repayment tenure of 5 years.

Year EMI Interest Paid Principal Paid Outstanding Balance
2024 ₹21493.90 ₹42625.12 ₹64844.39 ₹1182164.52
2025 ₹21493.90 ₹90275.38 ₹167651.42 ₹924237.72
2026 ₹21493.90 ₹71799.59 ₹186127.21 ₹666310.92
2027 ₹21493.90 ₹51287.76 ₹206639.05 ₹408384.12
2028 ₹21493.90 ₹28515.43 ₹229411.37 ₹150457.32
2029 ₹21493.90 ₹5130.73 ₹145326.57 ₹0.02

Apply for a Business Loan with Best Interest Rates

You can also check out other related loan EMI calculators below:

 Business Loan EMI Calculator MUDRA Loan Calculator Business Loan Eligibility Calculator MSME Loan Calculator Commercial Loan Calculator Working Capital Loan Calculator Commercial Property Loan Calculator Machinery Loan EMI Calculator ​​Corporate Loan Calculator Commercial Vehicle Loan Calculator Agriculture Loan EMI Calculator Tractor Loan EMI Calculator Personal Loan EMI Calculator Two Wheeler Loan EMI Calculator Marriage Loan EMI Calculator Car Loan EMI Calculator Education Loan EMI Calculator Travel Loan EMI Calculator

You can also check other loan schemes offered by SBI using the links provided below:

SBI MSME Loan SBI Commercial Vehicle Loan SBI Personal Loan SBI Personal Loan EMI Calculator Mahila Samridhi Yojana Udyogini Scheme SBI Business Loan SBI Business Loan Eligibility SBI Business Loan Documents SBI Mudra Loan SBI SME Loan SBI Business Loan for Women SBI Stree Shakti Loan SBI Commercial Loan SBI Corporate Loan SBI Startup Loan

If you want to compare business loans from other NBFC lenders, check for different business loan options from various lenders from the links given below:

## Frequently Asked Questions

You can use the calculator by entering the loan amount, interest rate, and loan tenure. The calculator will then compute the EMI you need to pay monthly.

You need the loan amount, interest rate, and tenure of the loan (in months or years).

Yes, you can input different loan amounts to see how the EMI changes accordingly.

Yes, the calculator takes the interest rate into account to calculate the EMI.

The interest rate for SBI business loans typically varies based on the loan type and the applicant's profile, usually starting around 9.10% p.a.

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Please read the Terms & Conditions carefully as deemed & proceed at your own discretion.